Abstract
In this chapter we develop the conceptual basics of the approach to balancing SC economic performance and stability as the primary objective in SC planning and optimization. The developed concept is named STREAM (Stability-based Realization of Economic Performance and Management). The concept STREAM, as the name implies, is based on the idea that the SC’s potential economic performance will be realized through the SC’s stability. The conceptual model of STREAM is based on conceptualizing the subject domain from uniform SCM and system-cybernetic positions by means of the interconnected considerations of (1) control and perturbation influences in SCs and (2) verbally describable properties of an SC as a business process (for example, security and flexibility) and theoretically attributed properties of an SC as a complex system (for example, adaptability and resilience). Finally, general algorithms of SC (re)planning under uncertainty are presented.
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(2010). STREAM: Stability-based Realization of Economic Performance and Management. In: Adaptive Supply Chain Management. Springer, London. https://doi.org/10.1007/978-1-84882-952-7_7
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DOI: https://doi.org/10.1007/978-1-84882-952-7_7
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