Evaluating resilience using renewal theory | |
| Author | Kyaw Thu Lwin |
| Call Number | AIT Thesis no.ISE-24-22 |
| Subject(s) | Business logistics--Mathematical models Renewal theory |
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering in Industrial and Manufacturing Engineering |
| Publisher | Asian Institute of Technology |
| Abstract | Worldwide, supply chain disruptions are a typical occurrence. The interruptions reveal weak points in supply chain networks, delaying recovery. As a result, strengthening supply chain resilience becomes crucial. The goal of this research is to create a mathematical model by using renewal theory to examine recoverability, vulnerability, and sustainability metrics for a supplier in the event of an interruption. The considered six supply states are taken into account in the proposed model: operational, absorbing, partially disrupted 25 %, 50 %, 75% loss of capacity, and fully disrupted or 100 % loss of capacity. The purpose of this study is to look into the behavior of the network and gauge resilience through the above-mentioned measures. After developing the mathematical model based on renewal theory, numerical experiments are presented to show how the model can be applied. Sensitivity analyses are also carried out to show how various input factors affect each resilience metric. Finally, several directions for further research are also offered. |
| Year | 2024 |
| Type | Thesis |
| School | School of Engineering and Technology |
| Department | Department of Industrial Systems Engineering (DISE) |
| Academic Program/FoS | Industrial and Manufacturing Engineering (IME) |
| Chairperson(s) | Huynh, Trung Luong |
| Examination Committee(s) | Bora, Tanujjal;Mongkol Ekpanyapong |
| Scholarship Donor(s) | AIT Scholarship |
| Degree | Thesis (M. Eng.) - Asian Institute of Technology, 2024 |