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All posts tagged
robustness
 2009/07/21  It is not unusual for suppliers in a supply chain to come together and act as a Virtual Enterprise Network (VEN) and today’s supply chains exhibit many VEN-like features. Is managing risks in Virtual Enterprise Networks different from managing risks in supply chains? With this in mind I submitted a paper to MITIP2009, the 11th International Conference on the Modern Information Technology in the Innovation Processes of the Industrial Enterprises, to be held in Bergamo, Italy, in October.
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2009/06/29  Someone had to come up with this, it was just a matter of time, and it is no suprise that this article comes from India, one of the major providers of global outsourcing for many industries. In an article reviewing some 100 references, Babu & More (2008) Perspectives, practices and future of supply chain flexibility, the focus is on anything supply chain flexibility, really anything that relates to supply chain flexibility. And honestly, I must say, they don’t leave much ground uncovered.
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2009/05/26 Several “buzzwords” have been linked to supply chain risk management (SCRM) in various ways: robustness, flexibility, agility and resilience. These concepts are often confused, and thus, warrant further explanation. They are distinctively different and which strategy that works best would depend not only on the supply chain in question as a whole, but also which part of the supply chain that may be vulnerable.
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2008/06/27 So far I have reviewed “international” literature and web sites, and it is only fitting that now it is time for the Norwegian “domestic” literature to be reviewed. Assess the vulnerability of your production system was written back in 1997, by Bjørn Egil Asbjørnslett and Marvin Rausand, both now high-profile academics within risk analysis in Norway.
The paper defines the concept of vulnerability as it applies to production systems and is built around three concepts:
- A taxonomy of vulnerability factors as a basis for or guideline in establishing scenarios
- An input/output model to describe production systems
- A two-step vulnerability analysis for productions systems
I found the paper interesting in many ways, and that is why I decided to take a closer look at it and see if it fits into the context of supply chain vulnerability.
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2008/04/28  Robustness Flexibility Resilience In a previous paper, back in 2004, I discussed the issue of Flexibility and robustness as options to reduce risk and uncertainty. Since then a new term has emerged: resilience, and today I would like to compare these three terms. Robustness is the ability to accommodate any uncertain future events or unexpected developments such that the initially desired future state can still be reached. Flexibility is the ability to defer, abandon, expand, or contract any investment towards the desired goal. Resilience is the ability of a system to return to its original state or move to a new desirable state after being disturbed.
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2006/05/16 Transport network vulnerability is a relatively new field of research and to this date no commonly agreed definition or quantifiable expression of what vulnerability is exists within the academic community. The following paper presents a review of road network vulnerability, seeking to synthesize different terminologies and metrics, among which: reliability, vulnerability, resilience, flexibility, robustness, and adaptive capacity.
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2004/12/15 Any company operating in international markets will face a multitude of risks. Acknowledging these risks and devising a strategy for how to deal with these risks is a prerequisite for survival in today’s competitive market. Assuming that the task to come up with a new strategy implies that the old strategy has outlived itself or at least has proven itself wrong on too many occasions, the stage is now set for a new approach.
This paper will first present the main risks that are facing any company. Then, the available options to reduce these risks will be considered. Finally, in relation to these risks, flexibility and robustness will be introduced as a tool to handle uncertainties (risks).
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