A literature review on quantitative models for supply chain risk management: Can they be applied to pandemic disruptions?

Rinaldi, Marta; Murino, Teresa; Gebennini, Elisa; Morea, Donato; Bottani, Eleonora

doi:10.1016/j.cie.2022.108329

Cited by 25 publications

(23 citation statements)

References 129 publications

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“…Cordeiro et al [47] Research Rinaldi et al [49] A literature review on quantitative models for supply chain risk management: Can they be applied to pandemic disruptions?…”

Section: Reference Title Topics Reviewed Abstractmentioning

confidence: 99%

“…As a consequence, the efforts of scientific literature were addressed to suggest strategic insights improving the GSC resilience and viability. [49,66,88,89] The ability to adsorb external or internal disturbances depends also on the complexity of the related supply chain. To analyze this aspect under coronavirus pandemic, Sharma et al [90] relied on Twitter data from NASDAQ 100 firms to identify the supply-chain issues experienced by various companies and the implemented strategies.…”

Section: Application Of Resilience Approach On Supply Chain Managemen...mentioning

confidence: 99%

See 1 more Smart Citation

Towards strengthening resilience of organizations by risk management tools: A scientometric perspective on COVID‐19 experience in a healthcare and industrial setting

Fabiano,

Guastaferro,

Pettinato

et al. 2024

Can J Chem Eng

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During the COVID‐19 pandemic, the healthcare system and the global supply chain were exposed to an unpredicted event, which increased awareness about the need of more effective strategies to support decision‐making process and to empower safety barriers. In this work, a combined scientometric and systematic review was performed to analyze tools and methodologies able to combine resilience with more traditional risk assessment, learning from the experience posed by the COVID‐19 crisis. Bibliometric and literature content analyses were carried out focusing on resilience management upon the incoming of an unexpected event. The systematic analysis of the methods and models developed on the basis of different pandemic waves provides a natural guide for future research development.

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“…Cordeiro et al [47] Research Rinaldi et al [49] A literature review on quantitative models for supply chain risk management: Can they be applied to pandemic disruptions?…”

Section: Reference Title Topics Reviewed Abstractmentioning

confidence: 99%

Section: Application Of Resilience Approach On Supply Chain Managemen...mentioning

confidence: 99%

Towards strengthening resilience of organizations by risk management tools: A scientometric perspective on COVID‐19 experience in a healthcare and industrial setting

Fabiano,

Guastaferro,

Pettinato

et al. 2024

Can J Chem Eng

View full text Add to dashboard Cite

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“…The effectiveness of tactical and operational decisions involving alternate routing plans, inventory management, etc., was evaluated. Rinaldi et al 28 various models that consider disruptions in LNG SCs are discussed.…”

Section: Literature On Enhancing Supply Chain Resiliencementioning

confidence: 99%

Supply Chain Risk Management in LNG Import Terminals through Proactive and Reactive Operational Strategies

Venkataramanan,

Srinivasan

2024

Ind. Eng. Chem. Res.

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Large-scale disruptions have recently buffeted enterprises, leading them to focus on risk management. In liquefied natural gas (LNG) supply chains (SCs), risks exist in different segments, including supply, demand, logistics, and terminal operations, and manifest as disruptions. The primary objective of this work is to systematically design operational policies and mitigation strategies to endow resilience to the SC of an LNG importer. A HAZOP-based approach is used for risk identification. Impact assessment is performed using an agent-based dynamic simulation developed in our previous work. Monte Carlo studies are conducted to quantify the costs and benefits of the proposed strategies. The proposed approach is demonstrated using two case studies: (1) mitigating disruptions through reactive recovery strategies and (2) reducing risks through proactive operational policies. The results indicate that significant improvements in the terminal operating profit, as much as 178%, can be achieved compared to the baseline. Further, it can be seen that disruptions can be adequately handled through robust operational policies without requiring onerous reactive interventions.

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“…Deep learning can help decision makers actively predict supply chain risks against the background of the pandemic and improve the supply chain’s resilience [ 35 ]. Strategies such as continuous monitoring, information sharing, and real-time data exchange are helpful in dealing with external risks in the supply chain [ 36 ]. During the pandemic, governments of various countries jointly purchase essential drugs and supplies urgently needed by patients, minimizing the risk of medical supply chain disruption and alleviating the shortage of medical materials [ 37 ].…”

Section: Literature Reviewmentioning

confidence: 99%

Research on the Anti-Risk Mechanism of Mask Green Supply Chain from the Perspective of Cooperation between Retailers, Suppliers, and Financial Institutions

Chen

Wang

et al. 2022

IJERPH

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Against the background of the pandemic, the mask supply chain faces the risk of pollution caused by discarded masks, the risk of insufficient funds of retailers, and the risk of mask overstock. To better guard against the above risks, this study constructed a two-party game model and a cusp catastrophe model from the perspective of the mask green supply chain, and studied the strategic choices of retailers and suppliers in the supply chain affected by the risk of capital constraints and overstock. The result shows that the risk shocks will lead to the disruption of the mask green supply chain, and the main factors affecting the strategy choice of mask suppliers and retailers are mask recycling rate, deposit ratio, risk occurrence time, etc. In further research, this study involved a mechanism for financial institutions, mask retailers, and the government to jointly deal with the risk of mask overstock, the risk of retailers’ insufficient funds, and the risk of environmental pollution from discarded masks. The research path and conclusion of this study reveal the risks in the circulation area of mask supplies during the pandemic, and provide recommendations for planning for future crises and risk prevention.

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A literature review on quantitative models for supply chain risk management: Can they be applied to pandemic disruptions?

Cited by 25 publications

References 129 publications

Towards strengthening resilience of organizations by risk management tools: A scientometric perspective on COVID‐19 experience in a healthcare and industrial setting

Towards strengthening resilience of organizations by risk management tools: A scientometric perspective on COVID‐19 experience in a healthcare and industrial setting

Supply Chain Risk Management in LNG Import Terminals through Proactive and Reactive Operational Strategies

Research on the Anti-Risk Mechanism of Mask Green Supply Chain from the Perspective of Cooperation between Retailers, Suppliers, and Financial Institutions

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