08/14/2023
Do you know how complex and interconnected the world is? Everything we use or consume depends on a network of suppliers, from raw materials to finished products.
For example, the Airbus A380, the world's largest passenger plane, has millions of parts made by over a thousand companies.
Governments also rely on many organizations to provide public services and goods. But what happens when something goes wrong in this network? A natural disaster, a cyberattack, or a human error can cause a chain reaction of problems that affect many people and businesses. How can we prevent or reduce these risks?
That's what the paper "Supply chain self-control” by Kweku Opoku-Agyemang tries to answer. It proposes a new approach to help firms and governments improve their logistics and development. It shows how to use self-control mechanisms to make supply chains more resilient and efficient. It also explains how human behavior plays a key role in supply chain management. Whether it's about fighting famines, saving lives in emergencies, or connecting small and large businesses, this paper offers valuable insights and solutions.
If you are interested in learning more, you can read the paper here:
Supply Chain Self-Control Development Economics X Paper Model Eight KWEKU OPOKU-AGYEMANG READ ONLINE PDF . In our model, each firm in a supply network faces a self-control-based trade-off between investing in stronger relationships with their suppliers and saving costs in the short-term. A firm want...
