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Integrated Cost and Risk Management Enhancing Supply Chain Resilience

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Civil Engineering for Disaster Risk Reduction

Part of the book series: Springer Tracts in Civil Engineering ((SPRTRCIENG))

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Abstract

Given the increasingly intensive competition between global markets, competition between companies has shifted from a focus on the performance of companies to supply chain performance. As a business becomes more international, there is a growing need for managing supply chain disruptions from a cross-national perspective. In general, supply chains are faced with increasing possibilities and severity of disruption. Furthermore, disruption management is complex as disruptions may happen due to various types and sources of risks. Trade facilitators, such as air, road and maritime transportation, will disrupt the flow of supply chains when a hazard occurs. This is categorized as transportation disruption. The paper aims to examine the existing strategies which are in place for the purpose of enhancing resilience to transportation disruptions in supply chains. Based on the major limitations of these strategies identified, the study also aims to develop an original approach to address the limitations. This paper introduces an integrated cost and risk management approach for enhancing resilience. The study contributes to the field of risk management by recommending an approach that can enhance supply chain resilience and at the same time being cost-effective.

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Authors and Affiliations

  1. School of Civil and Environmental Engineering, Nanyang Technological University, 50 Nanyang Avenue, Singapore, 639798, Singapore

    Jasmine Siu Lee Lam & Yuwei Yin

Authors
  1. Jasmine Siu Lee Lam
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  2. Yuwei Yin
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Corresponding author

Correspondence to Jasmine Siu Lee Lam .

Editor information

Editors and Affiliations

  1. Department of Civil Engineering, National Institute of Technology Karnataka, Mangalore, Karnataka, India

    Sreevalsa Kolathayar

  2. Disaster Preparedness, Mitigation and Management, Asian Institute of Technology, Klong Luang, Thailand

    Indrajit Pal

  3. Department of Civil and Environmental Engineering, National University of Singapore, Singapore, Singapore

    Siau Chen Chian

  4. Department of Civil Engineering, Indian Institute of Technology Bombay, Mumbai, Maharashtra, India

    Arpita Mondal

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Lam, J.S.L., Yin, Y. (2022). Integrated Cost and Risk Management Enhancing Supply Chain Resilience. In: Kolathayar, S., Pal, I., Chian, S.C., Mondal, A. (eds) Civil Engineering for Disaster Risk Reduction. Springer Tracts in Civil Engineering . Springer, Singapore. https://doi.org/10.1007/978-981-16-5312-4_26

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  • DOI: https://doi.org/10.1007/978-981-16-5312-4_26

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-16-5311-7

  • Online ISBN: 978-981-16-5312-4

  • eBook Packages: EngineeringEngineering (R0)

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