Endogenous Production Networks And Supply Chain Disruptions
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Endogenous Production Networks And Supply Chain Disruptions
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Author : Nuriye Melisa Bilgin
language : en
Publisher:
Release Date : 2022
Endogenous Production Networks And Supply Chain Disruptions written by Nuriye Melisa Bilgin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
This paper studies the role of production networks and provides a causal estimate of how supply chains affect prices and productivity. Leveraging unique firm-level production network data from Turkey, a country with high inflation and expansionary monetary policy, I isolate the supply shock by exploiting the disruption from Chinese suppliers due to the lockdown. I document that firms relying on imports from China raise their prices by 11 % and experience a 24 % decrease in productivity following the supply chain disruption. To explore the mechanism, I further extend the analysis at the firm-product level and uncover that the effect on labor productivity is primarily driven by the intermediate and capital goods. Guided by the empirical findings, I propose a theoretical framework where firms are heterogeneous regarding their core and network productivities. The firm's supplier matches shape these network productivities as firms select into productive or low-cost suppliers to maximize their profits. I show that the endogeneity of the production network also originates from interdependent choices. In this way, this paper offers a new layer of firm heterogeneity as supply chain choices. Finally, I calibrate the model to analyze the implications of expanding the firm's supply chain. Counterfactual supply chains, with lower fixed costs associated with Chinese suppliers, translate into a decrease of 1.2 % in aggregate prices.
Supply Disruptions And Optimal Network Structures
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Author : Kostas Bimpikis
language : en
Publisher:
Release Date : 2018
Supply Disruptions And Optimal Network Structures written by Kostas Bimpikis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
This paper studies multi-tier supply chain networks in the presence of disruption risk. Firms decide how to source their inputs from upstream suppliers so as to maximize their expected profits, and prices of intermediate goods are set so that markets clear. We provide an explicit characterization of equilibrium prices and profits, which allows us to derive insights on how the network structure, i.e., the number of firms in each tier, production costs, and disruption risk affect firms' profits. We discuss the prescriptive implications of our findings by exploring how a firm should prioritize among its suppliers (direct and indirect) when investing in improving their production reliability. Furthermore, we establish that networks that maximize profits for firms that operate in different stages of the production process, i.e., for the upstream supplier and the downstream retailer, are structurally different. In particular, the latter have relatively less diversified downstream tiers and generate more variable output than the former. Finally, we study the question of endogenous chain formation by considering a game of entry, i.e., firms decide whether to engage in production by forming beliefs about their profits in the post-entry supply chain. We argue that endogenous entry leads to chains that are inefficient in terms of the number of firms that engage in production.
Firms Failures And Fluctuations
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Author : Daron Acemoglu
language : en
Publisher:
Release Date : 2020
Firms Failures And Fluctuations written by Daron Acemoglu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Business cycles categories.
This paper studies how firm failures and the resulting disruptions to supply chains can amplify negative shocks. We develop a non-competitive model where customized supplier-customer relations increase productivity, and the relationship-specific surplus generated between firms and their suppliers is divided via bargaining. Changes in productivity alter the distribution of surplus throughout the economy and determine which firms are at the margin of failure. A firm’s failure may spread to its suppliers and customers and to firms in other parts of the production network. We provide existence, uniqueness, and a series of comparative statics results, and show how the response of the equilibrium production network may propagate recessionary shocks.
Asia And Global Production Networks
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Author : Benno Ferrarini
language : en
Publisher: Edward Elgar Publishing
Release Date : 2014-10-31
Asia And Global Production Networks written by Benno Ferrarini and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-10-31 with Business & Economics categories.
This timely book deploys new tools and measures to understand how global production networks change the nature of global economic interdependence, and how that in turn changes our understanding of which policies are appropriate in this new environment.
Endogenous Production Networks With Fixed Costs
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Author : Emmanuel Dhyne
language : en
Publisher:
Release Date : 2023
Endogenous Production Networks With Fixed Costs written by Emmanuel Dhyne and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
This paper presents a tractable model of endogenous production networks with fixed costs associated with the formation of links between firms. The model consists of a finite number of firm types producing differentiated products. Each firm is characterized by firm-specific parameters describing its CES production function, firm-specific domestic and foreign demand shifters, and a firm-specific set of potential suppliers and buyers. We consider versions of the model in which either the buyer or the supplier initiates the formation of links, and versions in which the production network can be cyclic or acyclic. Our main theoretical result is that the closed economy equilibrium is unique if the set of feasible networks consists only of networks that are acyclic and the buyer initiates the link formation while having full bargaining power in price negotiations with the supplier. We provide examples of multiple equilibria if the supplier initiates the link formation in both cyclic and acyclic feasible networks or if the buyer initiates the link formation in a cyclic production network. We take the acyclic production network model to Belgian data on firm-to-firm production networks and show that it approximates well the salient features of the network. The endogenous network model generates substantial churn in domestic firm-to-firm linkages in response to trade shocks. However, the endogenous network model generates only moderately different welfare changes compared to a model with fixed linkages, suggesting that exogenous production networks can approximate the welfare response to trade shocks reasonably well.
Reactions To Supply Chain Disruptions
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Author : Cevat Giray Aksoy
language : en
Publisher:
Release Date : 2022
Reactions To Supply Chain Disruptions written by Cevat Giray Aksoy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
Since the outbreak of the Covid-19 pandemic, the configuration of international supply chains has received increased public attention. Pandemic-related disruptions in production and transportation have led to questions about the reliability of international production networks. Moreover, the war in Ukraine and the associated sanctions against Russia have cast a new light on the geopolitical significance of economic interdependencies with autocratic regimes. How do firms react to these developments, and have they already adjusted their sourcing strategies? In this policy brief, we present the results from a representative survey of more than 4,000 firms in Germany, providing insights into how companies have responded to supply chain disruptions and which priorities they are setting for the future.
Supply Chain Disruptions
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Author : Haresh Gurnani
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-09-28
Supply Chain Disruptions written by Haresh Gurnani and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-09-28 with Technology & Engineering categories.
One of the most critical issues facing supply chain managers in today’s globalized and highly uncertain business environments is how to deal proactively with disruptions that might affect the complicated supply networks characterizing modern enterprises. Supply Chain Disruptions: Theory and Practice of Managing Risk presents a state-of the-art perspective on this particular issue. Supply Chain Disruptions: Theory and Practice of Managing Risk demonstrates that effective management of supply disruptions necessitates both strategic and tactical measures – the former involving optimal design of supply networks; the latter involving inventory, finance and demand management. It shows that managers ought to use all available levers at their disposal throughout the supply network – like sourcing and pricing strategies, providing financial subsidies, encouraging information sharing and incentive alignment between supply chain partners – in order to tackle supply disruptions. The editors combine up-to-date academic research with the latest operational risk management practices used in industry to demonstrate how theoreticians and practitioners can learn from each other. As well as providing a wealth of knowledge for students and professors who are interested in pursuing research or teaching courses in the rapidly growing area of supply chain risk management, Supply Chain Disruptions: Theory and Practice of Managing Risk also acts as a ready reference for practitioners who are interested in understanding the theoretical underpinnings of effective supply disruption management techniques.
The Power Of Resilience
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Author : Yosef Sheffi
language : en
Publisher: MIT Press
Release Date : 2015-09-11
The Power Of Resilience written by Yosef Sheffi and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-11 with Business & Economics categories.
This work focuses on deep-tier risks, corporate social responsibility risks, cybersecurity risks, global raw material risks, long-term disruptions, business continuity planning, risk and disruption detection, and the potential for systemic disruptions.
The Oxford Handbook Of Supply Chain Management
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Author : Thomas Y. Choi
language : en
Publisher: Oxford University Press
Release Date : 2021-09-13
The Oxford Handbook Of Supply Chain Management written by Thomas Y. Choi and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-13 with Business & Economics categories.
"Abstract: Supply chain management contends with structures and processes for delivering goods and services to customers. It addresses the core functions of connected businesses to meet downstream demand. This innovative volume provides an authoritative and timely guide to the overarching issues that are ubiquitous throughout the supply chain. In particular, it addresses emerging issues that are applicable across supply chains-such as data science, financial flows, human capital, internet technologies, risk management, cyber security, and supply networks. With chapters from an international roster of leading scholars in the field, The Oxford Handbook of Supply Chain Management is a necessary resource for all students and researchers of the field as well as for forward-thinking practitioners. Keywords: supply chain management; value; human society; goods and services; competitive advantage; people and welfare; data and technology; moving goods and services; structure and strategy; growing and sustaining"--
Cars In Europe Supply Chains And Spillovers During Covid 19 Times
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Author : Vizhdan Boranova
language : en
Publisher: International Monetary Fund
Release Date : 2022-01-14
Cars In Europe Supply Chains And Spillovers During Covid 19 Times written by Vizhdan Boranova and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-14 with categories.
Cars in Europe: Supply Chains and Spillovers during COVID-19 Times