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Cited by 352

The DOI matches its Crossref record; 27 of the 27 references it cites were found in a registry or an index.

Identifying Risks and Mitigating Disruptions in the Automotive Supply Chain

Open access
Simchi-Levi, David, Schmidt, William, Wei, Yehua, Zhang, Peter Yun, Combs, Keith, Ge, Yao, Gusikhin, Oleg, Sanders, Michael, Zhang, Don·2015·Interfaces

Abstract

Firms are exposed to a variety of low-probability, high-impact risks that can disrupt their operations and supply chains. These risks are difficult to predict and quantify; therefore, they are difficult to manage. As a result, managers may suboptimally deploy countermeasures, leaving their firms exposed to some risks, while wasting resources to mitigate other risks that would not cause significant damage. In a three-year research engagement with Ford Motor Company, we addressed this practical need by developing a novel risk-exposure model that assesses the impact of a disruption originating anywhere in a firm’s supply chain. Our approach defers the need for a company to estimate the probability associated with any specific disruption risk until after it has learned the effect such a disruption will have on its operations. As a result, the company can make more informed decisions about where to focus its limited risk-management resources. We demonstrate how Ford applied this model to identify previously unrecognized risk exposures, evaluate predisruption risk-mitigation actions, and develop optimal postdisruption contingency plans, including circumstances in which the duration of the disruption is unknown.

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Crossref · 10.1287/inte.2015.0804

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Metadata

Authors
Simchi-Levi, D., Schmidt, W., Wei, Y., Zhang, P. Y., Combs, K., Ge, Y., Gusikhin, O., Sanders, M., & Zhang, D.
Venue
Interfaces
Published
2015-10
Volume
45
Issue
5
Pages
375-390
ISSN
  • 0092-2102 (ISSN-L)
  • 1526-551X
OpenAlex
W1815823489
Cited by
352
References
27
FWCI
45.86
Type
journal article
Language
en
Open access
green

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