Supply Chain Agility Quantification and Analysis

Abstract

Market fluctuations and harsh business environments are known to affect the performance of supply chain networks. To maintain an acceptable response time while coping with varying market fluctuations and potential business disruptions, agility of supply chain networks is desirable. The purpose of the research described here is to develop a mathematical model to measure the agility of members of any given supply chain network. The model is tested using stochastic simulation and a case study. The importance of this research lies in the fact that there is a huge gap in understanding of the concept of supply chain agility and how it can be measured.