Managing Flexibility in the Supply Chain
Subject Areas :
Abdullah
Arasteh
1
(Master's student, Department of Industrial Engineering, Noshirvani University of Technology, Babol, Babol, Iran)
Abolfazl
Khati Dizabadi
2
(Assistant Professor, Department of Industrial Engineering, Noshirvani University of Technology, Babol, Babol, Iran)
Mohammad Mahdi
Paydar
3
(Associate Professor, Department of Industrial Engineering, Noshirvani University of Technology, Babol, Babol, Iran)
Keywords: Supply chain, flexibility, dual sourcing, decision analysis, natural options,
Abstract :
The purpose of this study is to provide a model for evaluating the flexibility between different components of the supply chain. Supply chain flexibility is presented and its significance is examined. This is trailed by a survey of the flexibility literature. Next, devices for assessing flexibility are talking about: Decision analysis, decision trees, and real options. This paper analyzes how firms got to be get arranged against unsettling impact in their supply chain and centers on how they can utilize real options to respect twofold sourcing procedures. As a presentation, it characterizes a common structure to assist chiefs with considering around store orchestrate interruptions and select adjusted systems. In the first place it sets up a general survey of the conceivable answers for overseeing chance interruptions. It centers on the specific approach of twofold sourcing and outlines that the real options thought may be a adjusted contraption to overview such a technique and builds up an instructive appear to look at and respect the focuses of intrigued of depending on twofold sourcing.
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