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Supply Chain Risk Management

  • Lima ZhaoEmail author
  • Arnd Huchzermeier
Chapter
Part of the EURO Advanced Tutorials on Operational Research book series (EUROATOR)

Abstract

In this chapter, we introduce concepts and techniques of operational hedging in SCRM (supply chain risk management) that are used to match the supply with demand of material flows. First, we present a conceptual framework of supply chain risk management, after which we propose a classification of operational hedging based on our description of each operational strategy. We then examine representative analytical models of SCRM and give numerical examples. Finally, we discuss the empirical research on SCRM and provide some illustrative mini-cases.

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Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  1. 1.Associate Professor of Supply Chain Management, Ningbo Supply Chain Innovation Institute ChinaMIT Global SCALE NetworkNingboChina
  2. 2.Chair of Production ManagementWHU-Otto Beisheim School of ManagementVallendarGermany

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