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Digital Library of the
European Council for Modelling and Simulation |
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Title: |
Simulation-Based
Measurement Of Supply Chain Risks |
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Authors: |
Ruslan Klimov, Yuri Merkuryev |
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Published in:
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ECMS
2008 Proceedings Edited
by: Loucas S. Louca, Yiorgos Chrysanthou, Zuzana Oplatkova, Khalid Al-Begain ISBN:
978-0-9553018-6-5 Doi: 10.7148/2008 22nd
European Conference on Modelling and Simulation, Nicosia, June
3-6, 2008 |
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Citation
format: |
Klimov, R., & Merkuryev,
Y. (2008). Simulation-Based Measurement Of Supply Chain Risks. ECMS 2008
Proceedings edited by: L. S. Louca, Y. Chrysanthou, Z. Oplatkova, K. Al-Begain (pp. 387-392).
European Council for Modeling and Simulation. doi:10.7148/2008-0387 |
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DOI: |
http://dx.doi.org/10.7148/2008-0387 |
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Abstract: |
For today’s supply chains, risk
management becomes an important instrument, which can protect a system from
sudden collapses. Still, the meaning of the supply chain risk and techniques
for its evaluation and mitigation still continue to be extensively
researched. In this paper, simulation is used for risk management in supply
chains. Within the discussed research, the supply chain risk is defined as
possible disruptions that can affect the supply chain ability to function
normally. Due to that, system reliability parameters are taken as a basis for
risk evaluation. The difficulties of making the corresponding assessments
mathematically are argued because of supply systems complexity. Then,
simulation is applied as an effective tool for risk evaluation and management
of the predefined supply chain. At the same time, the reliability theory
mathematics is used for the created simulation model validation. |
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