Redesigning a supply chain considering financing and pricing decisions and long-term disruptions under a pandemic

Abstract

The COVID-19 pandemic, with its much wider, faster prevalence compared to other pandemics, has caused widespread disruptions in supply chains that have made supply chain recovery more difficult. In this study, the impact of the disruptions brought about by this global crisis on both the supply-side and the demand-side components are evaluated simultaneously. In particular, the COVID-19 pandemic has negatively affected health commodity supply chains. Moreover, this study examines the financing problems arising from disruptions, as supply chains are bound to experience shortages of liquidity and working capital during such periods. In addition, we consider the pricing mechanism of commodities and the potential impact of innovative sales techniques. In the end, we redesign a health commodity supply chain in view of the adverse impact of the pandemic to make optimal decisions using the available financing sources to ensure higher sales and profitability in the supply chain.

KEYWORDS:

• Supply chain
• pricing
• disruption
• inventory
• healthcare

Data availability statement

The authors confirm that the data supporting the findings of this study are available within the article [and/or] its supplementary materials.

Disclosure statement

No potential conflict of interest was reported by the author(s).

Additional information

Notes on contributors

Amir Khosrojerdi

Amir Khosrojerdi is a highly accomplished researcher and academic with a strong background in Operations Research and Supply Chain Management. He is conducting research at University of Tehran and he has a keen interest in both theoretical and practical aspects of these fields. Amir's research interests include Operations Research, Mathematical Modelling, Multi-Criteria Decision-Making, Game Theory, and their application in various industries. He also has expertise in mixed methodological approaches, optimization, and decomposition algorithms. In terms of practical applications, Amir focuses on Healthcare and financial Supply Chain Management, Transportation Modelling, Distribution Network Design, Supply Chain Resilience, and Supplier Relationship Management. He has worked on numerous projects related to these areas and has made significant contributions to the field through his research. With several years of experience in research, and consultancy, Amir has a deep understanding of the challenges and opportunities in the field of Operations Research and Supply Chain Management. His dedication to finding innovative solutions and his passion for making a positive impact make him a valuable asset to any institution. Amir continues to actively contribute to the scientific community through his research and is committed to promoting sustainable practices in supply chain management. His expertise and practical experience make him a highly sought-after researcher and consultant in the field.

Ata Allah Taleizadeh

Professor Ata Allah Taleizadeh received his all B.Sc. & M.Sc. and Ph.D. degrees in industrial engineering. He is currently an Full Professor of Industrial Engineering, University of Tehran, Iran. He has published extensively in reputable and leading journals such as European Journal of Operational Research, OMEGA; International Journal of Management Sciences, IEEE Transactions ON Systems, Man, and Cybernetics: Systems, International Journal of Production Economics, Annals of Operation Researches, Service Sciences, Transportation Research: Part E, etc. He serves as an Editor/Associated Editor/Editorial Board Member for a number of international journals such as International Journal of Systems Sciences, Journal of Industrial Engineering, International Journal of Systems Sciences: Logistic & Operation Research, International Journal of Applied and Computational, IIE Transactions on Healthcare Systems Engineering. Moreover he has published three books by Springer in the filed of Inventory Control systems.