The latest business continuity news from around the world

In this new collaborative paper, academics from the Universities of Iowa, Tennessee, Tehran, and Mazandaran present a new ‘framework for the business continuity-inspired resilient supply chain network design problem’.

Abstract (published verbatim)

Supply chains are prone to several operational and disruption risks. In order to design a resilient supply chain network capable of responding to such potential risks suitably, this paper proposes a novel framework for the business continuity-inspired resilient supply chain network design (BCRSCND) problem, which includes three steps. First, four resilience dimensions including Anticipation, Preparation, Robustness, and Recovery are considered to quantify the resilience score of each facility using a multi-criteria decision-making technique and considering a comprehensive set of resilience strategies. In the second step, the critical processes and their business continuity metrics (which are vital for supply chain continuity), are identified. The outputs of the first two steps provide the inputs of a novel two-stage mixed possibilistic-stochastic programing (TSMPSP) model. The model aims to design a multi-echelon, multi-product resilient supply chain network under both operational and disruption risks. The proposed TSMPSP model allows decision makers to incorporate their risk attitudes into the design process. After converting the original TSMPSP model into the crisp counterpart, several sensitivity analyses are conducted on different features of hypothetical disruptions (i.e. their severity, likelihood and location) and DM’s risk attitudes from which useful managerial insights are provided.

The complete paper can be read here.


Want news and features emailed to you?

Signup to our free newsletters and never miss a story.

A website you can trust

The entire Continuity Central website is scanned daily by Sucuri to ensure that no malware exists within the site. This means that you can browse with complete confidence.

Business continuity?

Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.

Get the latest news and information sent to you by email

Continuity Central provides a number of free newsletters which are distributed by email. To subscribe click here.