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A Simulation-Based Evaluation Approachfor Digitalization Scenarios in Smart SupplyChain Risk Management

Year: 2017

Type: article

Abstract: To increase the security of modern, volatile supply chains a proactive risk management based on real-time risk related information transparency is required.At this time, none or only limited empirical/objective information about digitalization benefits for supply chain risk management is available.A method is needed, which draws conclusion on the estimation of costs and benefits of digitalization initiatives.The paper presents a flexible simulationbased approach for evaluating digitalization scenarios prior to realization.The evaluation approach is integrated into a framework and its applicability will be shown in a case study of a German steel producer, evaluating digitalization effects on the Mean Lead time-at-risk.

Source: Journal of Industrial Engineering and Management Science

DOI: 10.13052/jiems2446-1822.2017.009

Authors: F. F. Schlüter, E. Hetterscheid, M. Henke

Institution: TU Dortmund University

Language: English

Topic: Supply Chain Resilience and Risk Management

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: diamond

OpenAlex ID: W2766701855