vioft2nntf2t|tblJournal|Abstract_paper|0xf4ffb39a1d0000006c1d000001000700 Traditionally economists in earlier and middle of 20th century discussed about risks and uncertainty and related to theory of profits. Though risk is assumed to be predictable, measurable and insurable, uncertainty has subjectivity and largely remained “unknown” in statistical sense. Applications of mathematical and statistical techniques to risk definition, measurement and control through measurement of variability of outcomes and relate it with financial and corporate performance were popular in financial literature. Adoption of risk perspectives in supply network assumed greater importance with globalisation of business and movement of production to eastern part of the globe. Initially, supply risk was limited to upstream part of supply chain network and totality approach to supply chain risk gained more importance over the years. Happening of major disruptions across the globe due to terror attacks, geo-political changes, natural disasters like swine flu and Tsunami led to application of supply chain risk and uncertainties. There were discussions on an event based outcomes were considered uncertain event but raised debates about risk, uncertainty and return management. In this paper, authors have considered recent torrential rains and flooding at Chennai leading to disaster have been analysed for understanding managerial perspectives.
N. Chandrasekaran1, R. Arunachalam2
Jansons School of Business, India1, ProConnect Supply Chain Solutions Ltd, India2
Supply Chain Disruption, Flooding and Torrential Rains at Chennai and Its Impact on Supply Network
| January | February | March | April | May | June | July | August | September | October | November | December |
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| Published By :
ICTACT
Published In :
ICTACT Journal on Management Studies
( Volume: 1 , Issue: 4 , Pages: 161-166 )
Date of Publication :
November 2015
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254
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