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Managing Supply Chain Disruptions via Time-Based Risk Management

  • ManMohan S. Sodhi
  • Christopher S. Tang

Abstract

We wish to motivate research on the practice of preplanned response to rare events that can disrupt the supply chain. We present a time-based risk mitigation concept and illustrate how this concept could enable companies to reduce the impact of such events while potentially increasing their competitiveness. The underlying idea is that if a firm can shorten the response time by deploying a recovery plan soon after a disruption, then this firm can reduce the impact of the disruption by way of fast recovery. We present examples from a wide variety of contexts to highlight the value of time-based risk management.

Keywords

Supply Chain Supply Chain Management Epidemic Model Recovery Plan Supply Chain Partner 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag London Limited 2009

Authors and Affiliations

  • ManMohan S. Sodhi
    • 1
  • Christopher S. Tang
    • 2
  1. 1.Cass Business SchoolCity University of LondonLondonUK
  2. 2.UCLA Anderson SchoolUniversity of CaliforniaLos AngelesUSA

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