{"id":"https://openalex.org/W4251293469","doi":"https://doi.org/10.1109/wsc.2013.6721560","title":"Stochastic simulation of optimal insurance policies to manage supply chain risk","display_name":"Stochastic simulation of optimal insurance policies to manage supply chain risk","publication_year":2013,"publication_date":"2013-12-01","ids":{"openalex":"https://openalex.org/W4251293469","doi":"https://doi.org/10.1109/wsc.2013.6721560"},"language":"en","primary_location":{"id":"doi:10.1109/wsc.2013.6721560","is_oa":false,"landing_page_url":"https://doi.org/10.1109/wsc.2013.6721560","pdf_url":null,"source":{"id":"https://openalex.org/S4363607809","display_name":"2013 Winter Simulations Conference (WSC)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"conference"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2013 Winter Simulations Conference (WSC)","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5030253851","display_name":"Elliot M. Wolf","orcid":null},"institutions":[{"id":"https://openalex.org/I4210096784","display_name":"Syngenta (United States)","ror":"https://ror.org/00shfq002","country_code":"US","type":"company","lineage":["https://openalex.org/I4210096784","https://openalex.org/I89199228"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Elliot M. Wolf","raw_affiliation_strings":["LLC, Syngenta Crop Protection, Greensboro, NC, USA"],"affiliations":[{"raw_affiliation_string":"LLC, Syngenta Crop Protection, Greensboro, NC, USA","institution_ids":["https://openalex.org/I4210096784"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5030253851"],"corresponding_institution_ids":["https://openalex.org/I4210096784"],"apc_list":null,"apc_paid":null,"fwci":7.625,"has_fulltext":false,"cited_by_count":3,"citation_normalized_percentile":{"value":0.97252747,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":94},"biblio":{"volume":null,"issue":null,"first_page":"1793","last_page":"1804"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.9905999898910522,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.9905999898910522,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12394","display_name":"Insurance and Financial Risk Management","score":0.9884999990463257,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10780","display_name":"Reliability and Maintenance Optimization","score":0.984000027179718,"subfield":{"id":"https://openalex.org/subfields/2213","display_name":"Safety, Risk, Reliability and Quality"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/risk-management","display_name":"Risk management","score":0.6513979434967041},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5696800947189331},{"id":"https://openalex.org/keywords/heuristics","display_name":"Heuristics","score":0.56264728307724},{"id":"https://openalex.org/keywords/actuarial-science","display_name":"Actuarial science","score":0.5430741310119629},{"id":"https://openalex.org/keywords/risk-analysis","display_name":"Risk analysis (engineering)","score":0.5035595297813416},{"id":"https://openalex.org/keywords/supply-chain","display_name":"Supply chain","score":0.47797247767448425},{"id":"https://openalex.org/keywords/shareholder","display_name":"Shareholder","score":0.4510554075241089},{"id":"https://openalex.org/keywords/business-interruption-insurance","display_name":"Business interruption insurance","score":0.42797842621803284},{"id":"https://openalex.org/keywords/insurance-policy","display_name":"Insurance policy","score":0.4136281907558441},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.3027213513851166},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.2499423325061798},{"id":"https://openalex.org/keywords/general-insurance","display_name":"General insurance","score":0.1762905716896057},{"id":"https://openalex.org/keywords/marketing","display_name":"Marketing","score":0.1334652304649353},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"Corporate governance","score":0.10304668545722961}],"concepts":[{"id":"https://openalex.org/C32896092","wikidata":"https://www.wikidata.org/wiki/Q189447","display_name":"Risk management","level":2,"score":0.6513979434967041},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5696800947189331},{"id":"https://openalex.org/C127705205","wikidata":"https://www.wikidata.org/wiki/Q5748245","display_name":"Heuristics","level":2,"score":0.56264728307724},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.5430741310119629},{"id":"https://openalex.org/C112930515","wikidata":"https://www.wikidata.org/wiki/Q4389547","display_name":"Risk analysis (engineering)","level":1,"score":0.5035595297813416},{"id":"https://openalex.org/C108713360","wikidata":"https://www.wikidata.org/wiki/Q1824206","display_name":"Supply chain","level":2,"score":0.47797247767448425},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.4510554075241089},{"id":"https://openalex.org/C172195485","wikidata":"https://www.wikidata.org/wiki/Q4443488","display_name":"Business interruption insurance","level":5,"score":0.42797842621803284},{"id":"https://openalex.org/C68799949","wikidata":"https://www.wikidata.org/wiki/Q977871","display_name":"Insurance policy","level":2,"score":0.4136281907558441},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3027213513851166},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.2499423325061798},{"id":"https://openalex.org/C14293393","wikidata":"https://www.wikidata.org/wiki/Q2663825","display_name":"General insurance","level":3,"score":0.1762905716896057},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.1334652304649353},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.10304668545722961},{"id":"https://openalex.org/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","level":1,"score":0.0},{"id":"https://openalex.org/C101615574","wikidata":"https://www.wikidata.org/wiki/Q17055997","display_name":"Income protection insurance","level":4,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1109/wsc.2013.6721560","is_oa":false,"landing_page_url":"https://doi.org/10.1109/wsc.2013.6721560","pdf_url":null,"source":{"id":"https://openalex.org/S4363607809","display_name":"2013 Winter Simulations Conference (WSC)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"conference"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2013 Winter Simulations Conference (WSC)","raw_type":"proceedings-article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.652.8546","is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.652.8546","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://informs-sim.org/wsc13papers/includes/files/157.pdf","raw_type":"text"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":16,"referenced_works":["https://openalex.org/W658791691","https://openalex.org/W1911281453","https://openalex.org/W1963935883","https://openalex.org/W2020295374","https://openalex.org/W2066100655","https://openalex.org/W2075789206","https://openalex.org/W2077791698","https://openalex.org/W2124597406","https://openalex.org/W2126623291","https://openalex.org/W2130101342","https://openalex.org/W2143557201","https://openalex.org/W2328077292","https://openalex.org/W3123653197","https://openalex.org/W4206264079","https://openalex.org/W4243017394","https://openalex.org/W6678354209"],"related_works":["https://openalex.org/W4293067155","https://openalex.org/W4210250884","https://openalex.org/W2582704060","https://openalex.org/W1978283690","https://openalex.org/W3118776925","https://openalex.org/W4295250329","https://openalex.org/W4360597812","https://openalex.org/W3161854620","https://openalex.org/W2898145085","https://openalex.org/W2371799561"],"abstract_inverted_index":{"Manufacturing":[0],"firms,":[1],"particularly":[2],"those":[3],"in":[4,50,87],"the":[5,21,39,51,61,67,73,88,97,126],"chemical":[6],"industry,":[7],"typically":[8],"employ":[9],"risk":[10,106,129],"management":[11,130],"principles":[12],"to":[13,23,31,59,91,102,115,135],"identify,":[14],"analyze,":[15],"and":[16,28,70,99,138],"prioritize":[17],"risks":[18],"that":[19],"have":[20,84],"potential":[22],"cause":[24],"significant":[25],"property":[26],"damage":[27],"business":[29],"interruption":[30],"operating":[32],"assets.":[33],"These":[34],"risks,":[35],"which":[36],"may":[37],"exceed":[38],"firm's":[40],"financial":[41,48],"capacity":[42],"post-loss,":[43],"can":[44],"be":[45],"hedged":[46],"using":[47],"instruments":[49],"insurance":[52,57,94,117,146],"markets.":[53],"Many":[54],"firms":[55],"design":[56],"programs":[58,118],"share":[60],"loss":[62,68,132],"exposure;":[63],"however":[64],"characterization":[65],"of":[66,72,128],"distributions":[69,133],"determination":[71],"optimal":[74,93,145],"coverage":[75],"limits":[76],"is":[77],"more":[78],"challenging.":[79],"Few":[80],"applied":[81],"simulation":[82,123],"models":[83],"been":[85],"published":[86],"open":[89],"literature":[90],"address":[92],"policies,":[95],"despite":[96],"importance":[98],"value":[100],"provided":[101],"shareholders.":[103],"Consequently,":[104],"corporate":[105],"managers":[107],"often":[108],"rely":[109],"on":[110],"heuristics":[111],"or":[112],"past":[113],"decisions":[114],"structure":[116],"during":[119],"renewal":[120],"periods.":[121],"This":[122],"model":[124],"considers":[125],"benefit":[127],"given":[131],"specific":[134],"contract":[136],"manufacturers":[137],"establishes":[139],"a":[140],"scientific":[141],"approach":[142],"for":[143],"making":[144],"policy":[147],"decisions.":[148]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2015,"cited_by_count":1}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}