Strategies to Address Risks of Platinum Scarcity for Supply Chain Downstream Firms
Author(s)Kirchain, Randolph E., Jr.; Field, Frank R.; Roth, Richard; Alonso, Elisa
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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.
DepartmentMassachusetts 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
IEEE International Symposium on Sustainable Systems and Technology, 2009. ISSST '09
Institute of Electrical and Electronics Engineers
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.
Final published version
INSPEC Accession Number: 10749786
supply chain risks, platinum, material scarcity, recycling