Book ChapterDOI
Designing a Rectification Strategy for Managing Disruptions in LNG Supply Chain
S.V. Ramanan,Rajagopalan Srinivasan +1 more
- Vol. 50, pp 1787-1793
TLDR
In this paper, the authors develop an agent-based dynamic model of the LNG supply chain and use it to systematically design operational interventions that can ameliorate the adverse consequences of disruptions.Abstract:
Global LNG trade continues to grow owing to increasing energy demand, especially from the Asia-Pacific region. However, the trade of LNG has inherent vulnerabilities that can eventually manifest as disruptions. Typical consequences of disruptions include excess or shortfall of inventory, and plant shutdown, all of which can significantly impact profit. In this paper, we seek to develop a systematic methodology that can be used by an LNG receiving terminal to mitigate the effects of disruptions. We develop an agent-based dynamic model of the LNG supply chain and use it to systematically design operational interventions that can ameliorate the adverse consequences of disruptions. As a case study, we focus on a sudden decrease in demand. The disruption is managed through fire sales of a product. We demonstrate that a key parameter in this rectification strategy, the fire sale price, can be systematically determined using the proposed agent-based model.read more
References
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Journal ArticleDOI
Ripple effect in the supply chain: an analysis and recent literature
TL;DR: The reasons and mitigation strategies for the ripple effect in the supply chain are observed and a ripple effect control framework that includes redundancy, flexibility and resilience analysis is presented.
Journal ArticleDOI
The resilience of energy supply chains: a multiple case study approach on oil and gas supply chains to Europe
TL;DR: In this paper, the authors enhance the understanding about how energy supply chains work to build resilience against exogenous security threats and thereafter what support mechanisms support the resilience of energy supply chain.
Journal ArticleDOI
Supply chain risk identification using a HAZOP‐based approach
TL;DR: In this paper, the authors present a structured methodology for risk identification in supply chain networks using flow and work-flow diagrams, equivalent to process flow diagrams (PFDs) and operating procedures.
Journal ArticleDOI
Optimization, risk assessment and resilience in LNG transportation systems
TL;DR: In this article, the authors address how to systematically address vulnerability in a maritime transportation system using a formal vulnerability assessment approach, create quantitative measures of disruption risk and test the effect of mitigating measures.
Journal ArticleDOI
How to Handle Disruptions in Supply Chains – An Integrated Framework and a Review of Literature
Abstract: This paper describes an integrated framework for handling disruptions in supply chains. The integrated framework incorporates two main views on managing disruptions, namely pre- and post-disruption views, which are usually treated as separate issues in existing frameworks described in literature. The proposed integrated framework is used to structure literature review on the supply chain risk and disruption management. The literature review gives an overview of key aspects and specific methods which can be used for each step in the framework. Finally, two main observations in the existing literature on supply chain risk/disruption management are discussed. The first observation is that the literature has not uniformly discussed different parts of the framework. In general, the post-disruption process for managing supply chain disruptions has received relatively less attention than pre-disruption activities. The second observation which can be regarded as a direction for future research is lack of quantitative studies involving modeling and simulation to support the decision makers in better handling supply chain disruption.