Correlation between strategic and operational risk mitigation strategies in supply networks

A mixed integer stochastic mathematical model is developed to simultaneously a) design a robust and resilient topology for supply networks; and b) plan a reliable flow throughout its topology. We solve the model using an example of a profit-based supply network that is constructed by relying on the assumptions that were primarily used in prior studies. A sensitivity analysis of the results from the model indicates that i) the correlation between robustness and resilience is negative; ii) the correlation between robustness and reliability is positive; and iii) the correlation between resilience and reliability is negative.