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3789. Building resilience: a dynamic approach
Invited abstract in session TC-33: Optimal control and resilience, stream Optimal Control Theory and Applications.
Tuesday, 12:30-14:00Room: 42 (building: 303A)
Authors (first author is the speaker)
| 1. | Lijue Lu
|
| Information System, Supply Chain Management & Decision Support Department, NEOMA Business School |
Abstract
In recent years we have witnessed various supply chain disruptions that severly affect the normal flow of goods and profitability. The purpose of this paper is to analyze a dynamic game that involves a supply chain dealing with a normal-disruption cycle, which is characterized by a random and unpredictable environment. The supplier can invest in building resilience to minimize the potential disruption's impact. We derive the feedback equilibrium strategies and compare the policies and payoffs under different supply chain structures (centralized/decentralized). Finally, we propose a cost-sharing scheme to achieve coordination.
Keywords
- Control Theory
- Dynamical Systems
- Economic Modeling
Status: accepted
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