Strategies to Address Risks of Platinum Scarcity for Supply Chain Downstream Firms
Name
Alonso-2009-Strategies to Address Risks of Platinum Scarcity for Supply Chain Downstream Firms.pdf
Size
258.9 KB
Format
Adobe PDF
Checksum (MD5)
75e31c9338dfc794d5eaa84cffcb116c
Author(s)
Kirchain, Randolph E., Jr.
Field, Frank R.
Roth, Richard
Alonso, Elisa
Date Issued
July 2009
Journal
IEEE International Symposium on Sustainable Systems and Technology, 2009. ISSST '09
Publisher
Institute of Electrical and Electronics Engineers
Citation
Alonso, E. et al. “Strategies to address risks of platinum scarcity for supply chain downstream firms.” Sustainable Systems and Technology, 2009. ISSST '09. IEEE International Symposium on. 2009. 1-6. © 2010 Institute of Electrical and Electronics Engineers.
Version
Final published version
Abstract
Increased recycling, product redesign and substitution can improve firm resilience in the face of uncertainties in materials availability. The delays involved in implementing these strategies may result in unprepared firms losing market share to competitors who are better prepared to address these challenges. This paper will expand from previous work in this area by examining the statistical significance of the effect of recycling in the face of limited supply. It has been shown that the timing and magnitude of a supply shutdown can influence the magnitude of price response. On average, increased recycling is a means for stabilizing price effects owing to its faster response times.
Subjects
supply chain risks
platinum
material scarcity
recycling
MIT Department
Massachusetts Institute of Technology. Center for Technology, Policy, and Industrial Development
Massachusetts Institute of Technology. Department of Materials Science and Engineering
Massachusetts Institute of Technology. Engineering Systems Division
Terms of Use
Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use.
Persistent DSpace Link
DOI of Published Version
https://doi.org/10.1109/ISSST.2009.5156762
