Improving supply chain resilience through investment in flexibility and innovation

This study examines how a firm can improve its resilience to respond effectively to supply chain disruptions through investment in flexibility and innovation. There are several approaches and conceptualizations of flexibility and innovation in the operations and supply chain management literature. Nevertheless, how flexibility and innovation can enhance an organisational response to disruptions has not received much attention. We extend the research in supply chain resilience by investigating the relationships between flexibility, innovation, and resilience under disruption risk. The findings show that innovation and flexibility have a positive impact on resilience. A numerical example based on these relationships shows significant differences between optimum values of objective functions when we have high disruption risk versus low disruption risk imposed on the system. By developing a novel multi-objective mixed-integer linear programming, the findings reveal that disruption risks affect resilience and firms’ ROI, so investing in improvements in flexibility and innovation decreases the impact of disruptions.

This is an Accepted Manuscript of an article published by Taylor & Francis in International Journal of Systems Science: Operations & Logistics on 2023-06-13, available online: https://www.tandfonline.com/10.1080/23302674.2023.2221068.

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Work Title Improving supply chain resilience through investment in flexibility and innovation
Access
Open Access
Creators
  1. Vahid Ghomi
  2. Seyed Vahid Reza Nooraei
  3. Naser Shekarian
  4. Sina Shokoohyar
  5. Mahour Parast
Keyword
  1. Flexibility
  2. Innovation
  3. Resilience
  4. Ripple effect
  5. Multi-objective mixed-integer linear programming
  6. Return-on-investment
  7. Disruption
License CC BY-NC 4.0 (Attribution-NonCommercial)
Work Type Article
Publisher
  1. International Journal of Systems Science: Operations and Logistics
Publication Date June 13, 2023
Publisher Identifier (DOI)
  1. https://doi.org/10.1080/23302674.2023.2221068
Deposited December 17, 2023

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Version 1
published

  • Created
  • Added Paper-1.pdf
  • Added Creator Vahid Ghomi
  • Added Creator Seyed Vahid Reza Nooraei
  • Added Creator Naser Shekarian
  • Added Creator Sina Shokoohyar
  • Added Creator Mahour Parast
  • Published
  • Updated Keyword Show Changes
    Keyword
    • Flexibility, Innovation, Resilience, Ripple effect, Multi-objective mixed-integer linear programming, Return-on-investment, Disruption
  • Updated