A Framework for Managing Risks in the Aerospace Supply Chain Using Systems Thinking

System of Systems Engineering (SoSE), 2010 5th International Conference on, pp.1-6, 22-24, June 2010

6 Pages Posted: 23 May 2011 Last revised: 10 Mar 2017

See all articles by Abhijeet Ghadge

Abhijeet Ghadge

Cranfield University - School of Management

Samir Dani

Loughborough University - Business School

Roy Kalawsky

Loughborough University - Research School of Systems Engineering

Date Written: June 22, 2010

Abstract

Impact of globalization, technological and environmental changes, has radically influenced supply chain risks and mitigating strategies. Since uncertainty is an intrinsic element of the aerospace supply chain system, this paper analyses the uncertain variables (risks) in aerospace supply chain using a ‘systems of systems’ approach. Complexity and interdependent nature of the aerospace supply chain requires different levels of mitigation strategies. In this paper, utility theory and a proactive approach to risk management is considered. Effect on quality and delivery are two important monitoring parameters when analyzing risks within the aerospace supply chain system. This is depicted with the help of cases. The paper concludes by identifying the benefits of mitigating strategies for future sustainable systems.

Keywords: Aerospace Supply Chain, Risk Management, Supply Chain Systems

Suggested Citation

Ghadge, Abhijeet and Dani, Samir and Kalawsky, Roy, A Framework for Managing Risks in the Aerospace Supply Chain Using Systems Thinking (June 22, 2010). System of Systems Engineering (SoSE), 2010 5th International Conference on, pp.1-6, 22-24, June 2010, Available at SSRN: https://ssrn.com/abstract=1845003

Abhijeet Ghadge (Contact Author)

Cranfield University - School of Management ( email )

Bedfordshire, MK43 0AL
United Kingdom

Samir Dani

Loughborough University - Business School ( email )

Ashby Road
Loughborough
Nottingham NG1 4BU, LE11 3TU
Great Britain

Roy Kalawsky

Loughborough University - Research School of Systems Engineering ( email )

Ashby Road
Loughborough
Loughborough, LE11 3TU
Great Britain

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