Abstract
Supply chains have become complex because of the globalization and outsourcing, and the lack of visibility across the entire network makes it difficult to manage the risks. The concept of 'System survival signature' has recently been developed for capturing the network configuration of a system comprising different types of components. Its utilization in the evaluation of system reliability is unique in terms of its capability of segregating the network signature from the probability distribution of failure time of components. We introduce this concept in the realm of supply chain risk management. This novel application can be helpful in evaluating supply network reliability through gauging two distinct features of network configuration and risk profiles of the suppliers. The application is illustrated with the help of two simple examples. The technique can be of significant value to the supply chain managers in taking strategic decisions concerning suppliers and network configuration. We have also adapted the existing risk importance measures in the field of reliability engineering for their application in the domain of supply network reliability.
| Language | English |
|---|---|
| Title of host publication | Proceedings of the 2015 Internati onal Conference on Industrial Engin eering and Operations Management Dubai, United Arab Emirates (UAE), March 3 – 5, 2015 |
| Number of pages | 10 |
| DOIs | |
| Publication status | Published - 5 Mar 2015 |
| Event | 5th International Conference on Industrial Engineering and Operations Management, IEOM 2015 - Dubai, United Arab Emirates Duration: 3 Mar 2015 → 5 Mar 2015 |
Conference
| Conference | 5th International Conference on Industrial Engineering and Operations Management, IEOM 2015 |
|---|---|
| Country | United Arab Emirates |
| City | Dubai |
| Period | 3/03/15 → 5/03/15 |
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Keywords
- network configuration
- supply chain risk management
- supply network reliability
- system survival signature
Cite this
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A novel application of system survival signature in supply chain risk management. / Qazi, Abroon; Quigley, John; Dickson, Alex.
Proceedings of the 2015 Internati onal Conference on Industrial Engin eering and Operations Management Dubai, United Arab Emirates (UAE), March 3 – 5, 2015 . 2015.Research output: Chapter in Book/Report/Conference proceeding › Conference contribution book
TY - GEN
T1 - A novel application of system survival signature in supply chain risk management
AU - Qazi, Abroon
AU - Quigley, John
AU - Dickson, Alex
N1 - (c) 2015 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other users, including reprinting/ republishing this material for advertising or promotional purposes, creating new collective works for resale or redistribution to servers or lists, or reuse of any copyrighted components of this work in other works.
PY - 2015/3/5
Y1 - 2015/3/5
N2 - Supply chains have become complex because of the globalization and outsourcing, and the lack of visibility across the entire network makes it difficult to manage the risks. The concept of 'System survival signature' has recently been developed for capturing the network configuration of a system comprising different types of components. Its utilization in the evaluation of system reliability is unique in terms of its capability of segregating the network signature from the probability distribution of failure time of components. We introduce this concept in the realm of supply chain risk management. This novel application can be helpful in evaluating supply network reliability through gauging two distinct features of network configuration and risk profiles of the suppliers. The application is illustrated with the help of two simple examples. The technique can be of significant value to the supply chain managers in taking strategic decisions concerning suppliers and network configuration. We have also adapted the existing risk importance measures in the field of reliability engineering for their application in the domain of supply network reliability.
AB - Supply chains have become complex because of the globalization and outsourcing, and the lack of visibility across the entire network makes it difficult to manage the risks. The concept of 'System survival signature' has recently been developed for capturing the network configuration of a system comprising different types of components. Its utilization in the evaluation of system reliability is unique in terms of its capability of segregating the network signature from the probability distribution of failure time of components. We introduce this concept in the realm of supply chain risk management. This novel application can be helpful in evaluating supply network reliability through gauging two distinct features of network configuration and risk profiles of the suppliers. The application is illustrated with the help of two simple examples. The technique can be of significant value to the supply chain managers in taking strategic decisions concerning suppliers and network configuration. We have also adapted the existing risk importance measures in the field of reliability engineering for their application in the domain of supply network reliability.
KW - network configuration
KW - supply chain risk management
KW - supply network reliability
KW - system survival signature
UR - http://www.scopus.com/inward/record.url?scp=84931040757&partnerID=8YFLogxK
U2 - 10.1109/IEOM.2015.7093771
DO - 10.1109/IEOM.2015.7093771
M3 - Conference contribution book
SN - 9781479960651
BT - Proceedings of the 2015 Internati onal Conference on Industrial Engin eering and Operations Management Dubai, United Arab Emirates (UAE), March 3 – 5, 2015
ER -