Innovation and Supply Chain Management
Online ISSN : 2187-8684
Print ISSN : 2187-0969
ISSN-L : 2185-0135
ISCM vol7no2
Resilience by Shock Testing
Leena ILMOLAByeongwon PARKJung HYUN YOON
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JOURNAL FREE ACCESS

2013 Volume 7 Issue 2 Pages 58-65

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Abstract
The environment dominated by emerging uncertainties set a challenge to decision making. Our paper describes a method developed to plan for uncertainty. As the basis for theoretical elaboration we examine ontological uncertainty,the situation where we do not know what we do not know. We describe a method called “Seven Shocks ”planning method and its theoretical framework. The two fundamentals of the method are instrumental usage of extreme events and definition of the portfolio of resilience developing actions.
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