IDEAS home Printed from https://ideas.repec.org/a/osi/bulimm/v23y2023p267-280.html
   My bibliography  Save this article

Achieving Dynamic Stability Of Supply Chains In The Whirlpool Changes

Author

Listed:
  • Drago Pupavac

    (Polytechnic of Rijeka, Croatia)

  • Ljudevit Krpan

    (Primorje-Gorski Kotar County Roads Administration and University of North, Croatia)

Abstract

Modern supply chains are exposed to a changing competitive environment dominated by health, military, political, economic, and other swirling changes that are almost impossible to control. Business stability in such conditions takes on a completely different meaning. The supply chain's dynamic stability means its participants' ability to quickly and efficiently adapt to turbulent changes. Accordingly, this paper will specifically investigate the impact of inflation and negative market conditions on supply chain operations. This work's main hypothesis is that supply chains can successfully manage overall change by achieving dynamic stability. The results of the research are based on the method of dynamic programming and the method of simulation. The main finding of this paper points to the conclusion that by achieving dynamic stability, supply chains are able to operate successfully even in negative market conjuncture.

Suggested Citation

  • Drago Pupavac & Ljudevit Krpan, 2023. "Achieving Dynamic Stability Of Supply Chains In The Whirlpool Changes," Business Logistics in Modern Management, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 23, pages 267-280.
    • Handle: RePEc:osi:bulimm:v:23:y:2023:p:267-280
    as

    Download full text from publisher

    File URL: http://www.efos.unios.hr/repec/osi/bulimm/PDF/BusinessLogisticsinModernManagement23/blimm2315.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Dmitry Ivanov & Scott J. Mason & Richard Hartl, 2016. "Supply chain dynamics, control and disruption management," International Journal of Production Research, Taylor & Francis Journals, vol. 54(1), pages 1-7, January.
    2. Dmitry Ivanov, 2018. "Revealing interfaces of supply chain resilience and sustainability: a simulation study," International Journal of Production Research, Taylor & Francis Journals, vol. 56(10), pages 3507-3523, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. K. Katsaliaki & P. Galetsi & S. Kumar, 2022. "Supply chain disruptions and resilience: a major review and future research agenda," Annals of Operations Research, Springer, vol. 319(1), pages 965-1002, December.
    2. Vincenzo Varriale & Antonello Cammarano & Francesca Michelino & Mauro Caputo, 2021. "Sustainable Supply Chains with Blockchain, IoT and RFID: A Simulation on Order Management," Sustainability, MDPI, vol. 13(11), pages 1-23, June.
    3. Basu R, Jothi & Abdulrahman, Muhammad D. & Yuvaraj, M., 2023. "Improving agility and resilience of automotive spares supply chain: The additive manufacturing enabled truck model," Socio-Economic Planning Sciences, Elsevier, vol. 85(C).
    4. Dmitry Ivanov, 2022. "Viable supply chain model: integrating agility, resilience and sustainability perspectives—lessons from and thinking beyond the COVID-19 pandemic," Annals of Operations Research, Springer, vol. 319(1), pages 1411-1431, December.
    5. Antonio Zavala-Alcívar & María-José Verdecho & Juan-José Alfaro-Saiz, 2020. "A Conceptual Framework to Manage Resilience and Increase Sustainability in the Supply Chain," Sustainability, MDPI, vol. 12(16), pages 1-38, August.
    6. Yi Zheng & Li Liu & Victor Shi & Wenxing Huang & Jianxiu Liao, 2022. "A Resilience Analysis of a Medical Mask Supply Chain during the COVID-19 Pandemic: A Simulation Modeling Approach," IJERPH, MDPI, vol. 19(13), pages 1-21, June.
    7. Maureen S. Golan & Laura H. Jernegan & Igor Linkov, 2020. "Trends and applications of resilience analytics in supply chain modeling: systematic literature review in the context of the COVID-19 pandemic," Environment Systems and Decisions, Springer, vol. 40(2), pages 222-243, June.
    8. Miguel Reyna-Castillo & Alejandro Santiago & Salvador Ibarra Martínez & José Antonio Castán Rocha, 2022. "Social Sustainability and Resilience in Supply Chains of Latin America on COVID-19 Times: Classification Using Evolutionary Fuzzy Knowledge," Mathematics, MDPI, vol. 10(14), pages 1-18, July.
    9. Maria Ghufran & Khurram Iqbal Ahmad Khan & Fahim Ullah & Wesam Salah Alaloul & Muhammad Ali Musarat, 2022. "Key Enablers of Resilient and Sustainable Construction Supply Chains: A Systems Thinking Approach," Sustainability, MDPI, vol. 14(19), pages 1-19, September.
    10. Yongming Wang & Umar Iqbal & Yingmei Gong, 2021. "The Performance of Resilient Supply Chain Sustainability in Covid-19 by Sourcing Technological Integration," Sustainability, MDPI, vol. 13(11), pages 1-17, May.
    11. El-Awady Attia & Ali Alarjani & Md. Sharif Uddin & Ahmed Farouk Kineber, 2023. "Determining the Stationary Enablers of Resilient and Sustainable Supply Chains," Sustainability, MDPI, vol. 15(4), pages 1-23, February.
    12. Mukesh Kumar & Rakesh D. Raut & Mahak Sharma & Vikas Kumar Choubey & Sanjoy Kumar Paul, 2022. "Enablers for resilience and pandemic preparedness in food supply chain," Operations Management Research, Springer, vol. 15(3), pages 1198-1223, December.
    13. Niloofar Etemadi & Pieter Van Gelder & Fernanda Strozzi, 2021. "An ISM Modeling of Barriers for Blockchain/Distributed Ledger Technology Adoption in Supply Chains towards Cybersecurity," Sustainability, MDPI, vol. 13(9), pages 1-28, April.
    14. Seyedmohsen Hosseini & Dmitry Ivanov, 2022. "A new resilience measure for supply networks with the ripple effect considerations: a Bayesian network approach," Annals of Operations Research, Springer, vol. 319(1), pages 581-607, December.
    15. Muhammad Umar Farooq & Amjad Hussain & Tariq Masood & Muhammad Salman Habib, 2021. "Supply Chain Operations Management in Pandemics: A State-of-the-Art Review Inspired by COVID-19," Sustainability, MDPI, vol. 13(5), pages 1-33, February.
    16. Yılmaz, Ömer Faruk & Yeni, Fatma Betül & Gürsoy Yılmaz, Beren & Özçelik, Gökhan, 2023. "An optimization-based methodology equipped with lean tools to strengthen medical supply chain resilience during a pandemic: A case study from Turkey," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 173(C).
    17. Jin Sung Rha, 2020. "Trends of Research on Supply Chain Resilience: A Systematic Review Using Network Analysis," Sustainability, MDPI, vol. 12(11), pages 1-27, May.
    18. Shraddha Mishra & Surya Prakash Singh, 2022. "A stochastic disaster-resilient and sustainable reverse logistics model in big data environment," Annals of Operations Research, Springer, vol. 319(1), pages 853-884, December.
    19. Shoufeng Ji & Pengyun Zhao & Tingting Ji, 2023. "A Hybrid Optimization Method for Sustainable and Flexible Design of Supply–Production–Distribution Network in the Physical Internet," Sustainability, MDPI, vol. 15(7), pages 1-34, April.
    20. Zahra Homayouni & Mir Saman Pishvaee & Hamed Jahani & Dmitry Ivanov, 2023. "A robust-heuristic optimization approach to a green supply chain design with consideration of assorted vehicle types and carbon policies under uncertainty," Annals of Operations Research, Springer, vol. 324(1), pages 395-435, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:osi:bulimm:v:23:y:2023:p:267-280. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Davor Dujak,PhD (email available below). General contact details of provider: https://edirc.repec.org/data/efosihr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.