The 2008 crash has left all the established economic doctrines - equilibrium models, real business cycles, disequilibria models - in disarray. Part of the problem is due to Smith’s "veil of ignorance": individuals unknowingly pursue society’s interest and, as a result, have no clue as to the macroeconomic effects of their actions: witness the Keynes and Leontief multipliers, the concept of value added, fiat money, Engel’s law and technical progress, to name but a few of the macrofoundations of microeconomics. A good viewpoint to take bearings anew lies in comparing the post-Great Depression institutions with those emerging from Thatcher and Reagan’s economic policies: deregulation, exogenous vs. endoge- nous money, shadow banking vs. Volcker’s Rule. Very simply, the banks, whose lending determined deposits after Roosevelt, and were a public service became private enterprises whose deposits determine lending. These underlay the great moderation preceding 2006, and the subsequent crash.

The Economic Institutions of Capitalism

The purpose of this book is to measure and evaluate the supply chain performance of the Volta Aluminium Company and upon the results, make recommendations and suggestions to the management, which can assist also other companies in their decision-making. Once that actually, companies operate their business in an increasingly changeable and unpredictable enviroment, where competition assumes global scale, they need to look for new ideals, new tools and new methods. The proposed framework grounds on the Methodology of performance measuring systems, plying to the measurement of both tangible and intangible assets, and also measuring supply chain performance internally and externally. The framework developed enhance the use of a group of metrics across all organisations, this metrics are a fundamental part of a measuring system adapted to strategy, goals, key performance areas, process elements and activities, enabling evaluating defined goals, leading to decisions making and the implementation of improvement actions.

Measuring Supply Chain Performance

Mitigate risks in perishable food supply chains: Learning from COVID-19

Information sharing in an E-tailing supply chain for fresh produce with freshness-keeping effort and value-added service

Food Logistics 4.0 is a term derived from Industry 4.0 focusing on all the aspects of food logistics management based on cyber-physical systems. It states that real-time information and the interconnectivity of things, supplemented with novel technologies will revolutionise and improve the way food logistics is carried out. It has tremendous potential in terms of bringing transparency, swift delivery of food at reduced cost, flexibility, and capability to deliver the right quality product at the right place and at the right time. This paper discusses the vital technologies within Food Logistics 4.0 and the opportunities and challenges in this regard. It focuses primarily on food logistics, including resource planning, warehouse management, transportation management, predictive maintenance, and data security. Internet of Things, Blockchain, Robotics and Automation and artificial intelligence are some of the technologies discussed.

Food logistics 4.0: Opportunities and challenges

The purpose of this paper is to contribute to the understanding of the relationship between information sharing and performance of perishable product supply chains (PPSC). Building on transaction cost economics (TCE), organisational information processing theory (OIPT), and contingency theory (CT), this study proposes a theoretical framework to guide future research into information sharing in perishable product supply chains (IS-PPSC).,Using the systematic literature review methodology, 48 peer-reviewed articles are carefully selected, mapped, and assessed. Template analysis is performed to unravel the relationship mechanisms between information sharing and PPSC performance.,The authors find that the relationship between information sharing and PPSC performance is currently unclear, and there is inconsistency in the positioning of information sharing among constructs and variables in the IS-PPSC literature. This implies a requirement to refine the relationship between information sharing and PPSC performance. The review also revealed that the role of perishable product characteristics has largely been ignored in existing research.,This study applies relevant multiple theoretical perspectives to overcome the ambiguity of the IS-PPSC literature and contributes nine propositions to guide future research. Accordingly, this study contributes to the refined roles of relationship uncertainty, environmental uncertainty, information sharing capabilities, and perishable product characteristics in shaping the relationship between information sharing and PPSC performance.

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A refined framework of information sharing in perishable product supply chains

A survey of adaptive large neighborhood search algorithms and applications

PurposeThis paper seeks to explore how a self-organised social group (SOSG) can facilitate supply chain resilience (SCRES) during an emergency condition.Design/methodology/approachA netnographic research was conducted on SONJO, an online SOSG emerging in response to problems in personal protective equipment (PPE) and food small businesses' supply chains (SCs) during the state of COVID-19 emergency in Yogyakarta, Indonesia. Qualitative data of 237,010 words were extracted from the group chats among 223 SONJO WhatsApp Group (WAG) members and were analysed using template analysis.FindingsThis paper reveals five communicative acts through which the SOSG facilitates SCRES, namely supply chain (SC) knowledge sharing, networking, bridging, mapping, and mindfulness. The enactment of these communicative acts could foster SC collaboration and help rebuild and sustain the SC operations during the critical period of the pandemic. The SOSG also facilitates the SC actors to be heedful of their responsive actions and risky operations.Practical implicationsThis paper emphasises the need for organisations to build and maintain relationships with social communities and to extend their social capital beyond their existing SC linkages as an alternative way to survive unexpected disruptions.Originality/valueThis paper offers a novel perspective to understand SCRES from an external force. It proposes that, in the face of a devastating disruption, SCRES is not a self-induced process and that the SOSG could play a pivotal role in rebuilding the disrupted SCs. It also shows how a humanitarian effort could help rebuild commercial SCs.

Rebuilding disrupted supply chains: How can a self-organised social group facilitate supply chain resilience?

Even and equitable distribution of the COVID-19 vaccine becomes one of key strategies to reduce the number of positive cases and virus transmissions all over the world. This paper aims to introduce and demonstrate a mathematical model based on a maximal covering location problem (MCLP) to optimise the coverage of the COVID-19 vaccine distribution. A mathematical model is proposed and demonstrated using an illustrative case study of healthcare facilities and location coordinates of villages in Yogyakarta, Indonesia. A numerical computer experiment is conducted to obtain optimal results of the locational analysis. The results show that the proposed model provides an efficient coverage of vaccination by minimising the distances travelled by the target population. It also reveals an interesting insight that prioritising vaccination for areas with high COVID-19 cases results in a less efficient coverage. The novel location-allocation model for COVID-19 vaccination facilities proposed in this paper particularly applies in a developing country. The model could be used as an alternative way to increase the vaccination coverage and priority whilst minimising the potential risks of the virus transmissions and transport costs. © 2022 Operations and Supply Chain Management Forum. All rights reserved.

A Locational Analysis Model of the COVID-19 Vaccine Distribution

Maintaining a safe and available supply of blood requires a mindfully coordinated supply chain (SC) and is fundamental to the effective operation of health systems across the world. This study investigates how blood supply chain (BSC) actors demonstrate collective mindfulness (CM) principles in their operations and how these demonstrations lead to improvements in blood safety and availability (BSA) in different operational contexts.,Six case studies drawn from two contrasting BSCs, the UK and Indonesia, which differ in structure and regulation are investigated in this research. Qualitative data are collected and analysed using template analysis.,The cases reveal how the CM principles are demonstrated in the supply chain context in a range of operational conditions and their impact on BSA. The BSC actors in the more centralised and tightly regulated cases display more behaviours consistent with more of the CM principles over a greater range of operational conditions compared to those in the more decentralised and loosely regulated cases. As such, more improvements in BSA are found in the former compared to the latter cases.,This paper is considered the first to investigate the demonstration of CM principles at the SC as opposed to the single organisational level. It proposes an alternative approach to understanding and evaluating reliability performance using behavioural rather than statistical principles.

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Luluk Lusiantoro

Papers

A refined framework of information sharing in perishable product supply chains

A survey of adaptive large neighborhood search algorithms and applications

Rebuilding disrupted supply chains: How can a self-organised social group facilitate supply chain resilience?

A Locational Analysis Model of the COVID-19 Vaccine Distribution

Improving blood safety and availability: a collective mindfulness perspective in the supply chain