Journal
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
Volume 79, Issue -, Pages 21-42Publisher
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.omega.2017.07.005
Keywords
Agribusiness supply chain; Risk management; Robust; Resilient
Funding
- Waikato University's strategic investment fund
- University of Waikato in New Zealand
- Department of Engineering Science, University of Auckland
- Te Punaha Matatini Center of Research Excellence
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Supply chain risk management is a large and growing field of research. However, within this field, mathematical models for agricultural products have received relatively little attention. This is somewhat surprising as risk management is even more important for agricultural supply chains due to challenges associated with seasonality, supply spikes, long supply lead-times, and perishability. This paper carries out a thorough review of the relatively limited literature on quantitative risk management models for agricultural supply chains. Specifically, we identify robustness and resilience as two key techniques for managing risk. Since these terms are not used consistently in the literature, we propose clear definitions and metrics for these terms; we then use these definitions to classify the agricultural supply chain risk management literature. Implications are given for both practice and future research on agricultural supply chain risk management. (C) 2017 Elsevier Ltd. All rights reserved.
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