Making Complex Decisions Toward Revamping Supply Chains Amid Covid 19 Outbreak

The COVID-19 pandemic has disrupted supply chains, hence corporations must devise and realign their policies and strategies accordingly to stay competitive in this dynamic situation. This book provides tools to cope with such a scenario and to make appropriate decisions to come out unscathed. Making Complex Decisions toward Revamping Supply Chains amid COVID-19 Outbreak presents the tools and technologies needed to revamp supply chains challenged by the COVID-19 pandemic. The book presents case studies along with historical perspectives for guidance. It explores the supply chain post-COVID-19, discusses the future scenarios of new and emerging supply chains, and describes various multi-criteria decision-making (MCDM) tools used to make complex decisions so companies can stay ahead. The book also offers domain experts’ opinions and views to help organizations formulate real-time strategies. This book is written for researchers, professionals, and undergraduate and postgraduate students to provide an evidence-based cause, effect, and solution after the COVID-19 disaster.

The COVID-19 pandemic has disrupted supply chains, hence corporations must devise and realign their policies and strategies accordingly to stay competitive in this dynamic situation. This book provides tools to cope with such a scenario and to make appropriate decisions to come out unscathed. Making Complex Decisions toward Revamping Supply Chains amid COVID-19 Outbreak presents the tools and technologies needed to revamp supply chains challenged by the COVID-19 pandemic. The book presents case studies along with historical perspectives for guidance. It explores the supply chain post-COVID-19, discusses the future scenarios of new and emerging supply chains, and describes various multi-criteria decision-making (MCDM) tools used to make complex decisions so companies can stay ahead. The book also offers domain experts’ opinions and views to help organizations formulate real-time strategies. This book is written for researchers, professionals, and undergraduate and postgraduate students to provide an evidence-based cause, effect, and solution after the COVID-19 disaster.

The COVID-19 pandemic has disrupted supply chains, hence corporations must devise and realign their policies and strategies accordingly to stay competitive in this dynamic situation. This book provides tools to cope with such a scenario and to make appropriate decisions to come out unscathed. Making Complex Decisions toward Revamping Supply Chains amid COVID-19 Outbreak presents the tools and technologies needed to revamp supply chains challenged by the COVID-19 pandemic. The book presents case studies along with historical perspectives for guidance. It explores the supply chain post-COVID-19, discusses the future scenarios of new and emerging supply chains, and describes various multi-criteria decision-making (MCDM) tools used to make complex decisions so companies can stay ahead. The book also offers domain experts' opinions and views to help organizations formulate real-time strategies. This book is written for researchers, professionals, and undergraduate and postgraduate students to provide an evidence-based cause, effect, and solution after the COVID-19 disaster.

The text envisages novel optimization methods that significantly impact real-life problems, starting from inventory control to economic decision-making. It discusses topics such as inventory control, queueing models, timetable scheduling, fuzzy optimization, and the Knapsack problem. The book’s content encompass the following key aspects: Presents a new model based on an unreliable server, wherein the convergence analysis is done using nature-inspired algorithms Discusses the optimization techniques used in transportation problems, timetable problems, and optimal/dynamic pricing in inventory control Highlights single and multi-objective optimization problems using pentagonal fuzzy numbers Illustrates profit maximization inventory model for non-instantaneous deteriorating items with imprecise costs Showcases nature-inspired algorithms such as particle swarm optimization, genetic algorithm, bat algorithm, and cuckoo search algorithm The text covers multi-disciplinary real-time problems such as fuzzy optimization of transportation problems, inventory control with dynamic pricing, timetable problem with ant colony optimization, knapsack problem, queueing modeling using the nature-inspired algorithm, and multi-objective fuzzy linear programming. It showcases a comparative analysis for studying various combinations of system design parameters and default cost elements. It will serve as an ideal reference text for graduate students and academic researchers in the fields of industrial engineering, manufacturing engineering, production engineering, mechanical engineering, and mathematics.

In recent years, due to the increasingly aggressive market competition, it is essential to evaluate the role of logistics and supply chain management skills and applications for the success of any organization or business. The COVID-19 pandemic revealed the fragility of the sustainability of economic organization, production, and supply chains globally. Cases on Supply Chain Management and Lessons Learned From COVID-19 collects compelling case studies, theoretical and empirical research, experiences, and applications on numerous aspects of logistics and supply chain management. It not only focuses on industry and digital transformation and the critical nature of organizational agility, but also presents different methods, techniques, models, and competitive advantage prospects, providing an extremely relevant and current view of the subject matter. Covering topics such as green supply chain management, organizational performance, and supply chain disruptions, this book is the ideal reference source for managers, supply chain specialists, entrepreneurs, business professionals, consultants, researchers, academicians, educators, and students.

Much has been written about Covid-19 victims, how scientists raced to understand and treat the disease, and how governments did (or did not) protect their citizens. Less has been written about the pandemic’s impact on the global economy and how companies coped as the competitive environment was upended. In his new book, "The New (Ab)Normal", MIT Professor Yossi Sheffi maps how the Covid-19 pandemic impacted business, supply chains, and society. He exposes the critical role supply chains play in helping people, governments, and companies to manage the crisis. The book draws on executive interviews, pandemic media coverage, and historical analyses. Sheffi also builds on themes from his books "The Resilient Enterprise" (2005) and "The Power of Resilience" (2015) to enrich the narrative. The author paints a compelling picture of how the Covid-19 virus is changing many facets of human life and what our post-pandemic world might look like. This must-read book helps companies to redefine their business models and adjust to a fast-evolving economic landscape. The stage is set In Part 1 of the book, “What Happened,” the author looks at how companies fought to mend the global economic fabric even as the virus ripped more holes in it. Part 2, “Living with Uncertainty,” views the crisis through a supply chain risk management lens derived from Yossi Sheffi’s previous books. This perspective shows how companies create corporate immune systems to quickly recognize and manage large-scale disruptions. The ongoing pandemic is creating a new normal in life, work, and education—covered in Part 3, “Adjustment Required.” Consumer fears about the contagion as well as government mandates require businesses in industries such as retail, hospitality, entertainment, sports, and education to create “safe zones” for workers and customers. Many elements of the book – especially in Part 4, “Supply Chains for the Future” – show how the virus accelerated preexisting trends in technology adoption. China was the epicenter of the pandemic; it also was the first nation to be disrupted and recover. Part 5 of the book, “Of Politics and Pandemics,” explains why reports that companies are abandoning China in favor of other offshore manufacturing centers do not reflect reality. Fundamentally, The New (Ab)Normal is about businesses trying to create a better future in a time of extreme uncertainty – a point emphasized in Part 6, “The Next Opportunities.” The outlook is not necessarily gloomy. The advance of technology is accelerating, a trend that can level the playing field between small and large companies. Nimble small businesses are using a growing array of off-the-shelf cloud computing and mobile apps to deploy sophisticated technologies in their supply chains and customer interfaces. The New (Ab)Normal Another new normal is working from home. Remote working enables individuals to live anywhere and companies to recruit talent from anywhere. Education, especially higher education, faces a major disruption (and major opportunity) that is likely to shake the high-cost model of in-person education in favor of online or hybrid education. Regrettably, the book recognizes one trend accentuated by Covid-19--the growing inequality, and anticipates that the new normal will be more stratified.

This book summarizes the effect of COVID-19 on the global supply chain. Eminent researchers, practitioners, and professors discuss the challenges faced by supply chain providers and supply chain strategies related to various global, retail, fast moving consumer goods, humanitarian, pharmaceutical, and agricultural supply chains. This book also suggests the resilient approach adopted by supply chain organizations for quick recovery and re-establishing their networks. This book helps the readers explore the pandemic's impact on the supply chain and rebuilding the same using suitable approaches.

This book provides research results and shares experiences in the area of supply chain management. It addresses topics such as risk reduction of lesser marginal profits, disrupted supply chain management, and potential points of business failure. This book explores the “new normal” of the business supply chain. The didactic approach informs global enterprises on how to deal with the most significant issues in the current supply chain management. The book shows an in-depth analysis of post-COVID opportunities and challenges and acts as an initiative for readers to understand the risks, opportunities, and concerns resulting from the pandemic situation and is a key driver for business management among industry professionals and enterprises. Readers will learn new insights and procedures to better manage multitier supply chains, predictability, and estimation of binding capacity. The book details modeling and technology-based customer demand and response management solutions. New techniques, methods, and perspectives dealing with the estimation, acceleration or deceleration, and flexibility of logistics capacity are particularly emphasized throughout the manuscript. Real-world cases dealing with various aspects of the new normal for supply chains are analyzed. The book is useful for industry professionals and enterprise firms in business management to effectively understand risks, opportunities, and concerning the pandemic situation.