In:
RAIRO - Operations Research, EDP Sciences, Vol. 57, No. 2 ( 2023-03), p. 787-815
Abstract:
Managing highly evolving supply chains can be challenging, especially when vulnerable to disruptions and risks. This paper deals with a supply chain system’s dynamical analysis and efficient management strategy using a four-stage hyperchaotic Lorenz–Stenflo equation under disruptive events. Nonlinear behaviors are intensely investigated by eigenvalue and bifurcation analysis to identify supply chain risks. Then phase portraits are presented to illustrate the bullwhip effect negatively influencing the performance of various stages of multi-echelon supply chains. Resilient supply chains have been developed along with dynamic identification by realizing an adaptive fractional-order controller. An efficient control algorithm can optimize the management system while reducing potential risks by employing control theory in a decision support system. Performance criteria have been exploited to validate the control methodology. Using digital management algorithms, decision-makers might effectively cope with chaos suppression and synchronization problems, ensuring productivity and sustainability. Finally, the novel decision-making strategy can offer new insights into effectively managing digital supply chain networks against market volatility.
Type of Medium:
Online Resource
ISSN:
0399-0559
,
2804-7303
Language:
English
Publisher:
EDP Sciences
Publication Date:
2023
detail.hit.zdb_id:
1468388-X
SSG:
3,2
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