Federica Cucchiella

Risk management in supply chain: a real option approach

Purpose – The aim of this paper is that of individualizing a framework for the management of uncertainty in supply chain finalized to reduce the firm risks.Design/methodology/approach – Since a way for reducing the damages deriving from uncertainty sources is increasing the level of flexibility inside the supply chain, and the real option theory allows the increase of the flexibility level, in order to achieve the aim of this work, we utilize the real options theory to coverage of one or more risks inside the supply chain.Findings – A useful theoretical framework has been individualized enabling the selection of possible options to protect the firm against the risk originating from every source of uncertainty. In particular, on two types of risks, using Matlab software, a test has been conducted that proves the ability of the outsource option to cover risks under examination.Practical implications – In the paper a framework providing useful information for the supply chain management is presented.Original...

A methodological framework for innovation transfer to SMEs

The paper deals with technological and managerial innovation transfer to small and medium sized enterprises. A comprehensive framework is presented, identifying a networked architecture in which different actors (universities, other R&D centers, consulting companies, the European Union, national government, local public administration) interact. In so doing, the need of a specific promoting role is pointed out. Consequently, introduction of an innovation center (IC) responsible for the whole transfer process is proposed. Within this organizational unit, the role of innovation promoter (IP), that is the interface with the specific SME, is analyzed and discussed. Finally, a general scheme of IC and IP actions and competences is presented.

Analysis and evaluation of e‐supply chain performances

This study proposes a model for the analysis and performance evaluation of e‐supply chains (e‐SCs), that are supply chains (SCs) in which actors are connected by Internet technologies. It is assumed that e‐SC performances are influenced by the network ol structures, by the criteria adopted to manage relationships among involved actors, and by the critical activities that the leading company performs. At first, the variables influencing such factors are identified and the interdependencies among them are analysed to establish existing correlations. This, in turn, enables one to group the values of the influencing factors in four coherent sets which are consistent with different business environments, thus assuring the effectiveness and efficiency to the e‐SC. The obtained reference model is then tested by applying it to literature‐based case studies. The output of this model may be used to design totally new e‐SCs or to redesign the existing ones, in both manufacturing and services industries.

Financial analysis for investment and policy decisions in the renewable energy sector

The management and exploitation of renewable energy sources is now recognised as central to sustainable development. Environmental concerns, recurring oil crises and market weaknesses, combined with the availability of power from natural resources and resulting possibilities for job creation and energy independence, have all pushed developed and developing countries towards new energy strategies that include RES. This paper analyses the profitability of potential investments in small, medium and large RE electrical power facilities, applying a Net Present Value (NPV) methodology. The proposed financial analysis permits strategic selection of an energy portfolio from among available sources and plant sizes. The paper then discusses potential constraints, and where possible applies the NPV methodology for estimating the necessary changes in decision-making. It defines the role of government incentive schemes in the financial results and evaluates the impact of variation in critical variables (subsidies, sale price of electricity, investment cost, operating cost and equivalent operating hours) on the estimation of NPV. Finally, the paper analyses the environmental impact of all the energy sources examined, examines the links with the financial results and proposes socio-economic policy considerations based on the entirety of the research results. While the methodology is applied to the Italian case, it could be modified to serve in other nations by adapting the input parameters to reflect the different regulatory and market contexts.

Implementation of a real option in a sustainable supply chain: an empirical study of alkaline battery recycling

Green supply chain management (GSCM) has emerged as a key approach for enterprises seeking to become environmentally sustainable. This paper aims to evaluate and describe the advantages of a GSCM approach by analysing practices and performance consequences in the battery recycling sector. It seeks to integrate works in supply chain management (SCM), environmental management, performance management and real option (RO) theory into one framework. In particular, life cycle assessment (LCA) is applied to evaluate the environmental impact of a battery recycling plant project, and life cycle costing (LCC) is applied to evaluate its economic impact. Firms, also understanding the relevance of GSCM, have often avoided applying the green principles because of the elevated costs that such management involved. Such costs could also seem superior to the potential advantages since standard performance measurement systems are internally and business focused; for these reasons, we consider all the possible value deriving also by uncertainty associated to a green project using the RO theory. This work is one of the few and pioneering efforts to investigate GSCM practices in the battery recycling sector.

A multi-objective optimization strategy for energy plants in Italy

In recent years, Europe has promoted a series of waste regulations to achieve greater protection of the environment. This objective can be obtained by adopting an integrated management system for the reduction of waste production and developing systems for waste sorting, energy recovery and waste recycling. Such interventions that find their justification in an environmental perspective must be also sustainable from an economic perspective. An analysis of the Italian situation highlights a dependency on landfills; this phenomenon must be reduced to identify actions aimed at safeguarding and protecting the environment. The aim of this paper is to analyse the economic and environmental benefits from diverting waste from landfills towards energy recovery in twenty Italian regions.

Scrap automotive electronics: A mini-review of current management practices.

End-of-life vehicles, together with waste from electric and electronic equipment, are known as an important source of secondary raw materials. For many years, their recovery has allowed the restoring of great amounts of metals for new cars production. This article provides a comprehensive mini-review on the end-of-life vehicles recycling topic between 2000 and 2014, with a particular focus on automotive electronics recycling. In fact, in the last years, experts focused their attention on a better exploitation of automotive shredder residue fraction, but not sufficiently on eventual electronic scraps embedded in it. Hence, studies assessing the value embedded in these scraps are rarely available in literature, causing an important gap in both recycling policies and research. The fact that, at present, the management of electronic control units (the most valuable component among automotive electronic equipment) is, as yet, off the radar in both end-of-life vehicles and waste from electric and electronic equipment Directives demonstrates the theory. Of course, their recycling would not contribute in a relevant way to reach the weighted-based recycling and recovery targets characterising current regulations, but would be very important under a critical raw materials recovery view. Results coming from the literature analysis confirm these assumptions.

Municipal waste management and energy recovery in an Italian region.

Diverting waste from landfill is one of the basic priorities on improving the use of resources and reducing the environmental impacts of waste management. In order to achieve this goal it is necessary to limit the amount of materials sent to final disposal and promote energy recovery. In Italy the use of recycling is registering a growing trend but the recourse to landfill is still too high with respect to European Commission targets. The aim of the paper was to analyse the financial and economic benefits that energy recovery could produce by diverting waste from landfills in an Italian region, as landfilling cannot be a solution in the long term because of its finite capacity and for various other ecological reasons. A sensitivity analysis on the critical variables of this plan and a risk analysis are also provided.

A Multicriteria Analysis of Photovoltaic Systems: Energetic, Environmental, and Economic Assessments

The development of photovoltaic (PV) energy has led to rising efficiencies, better reliability, and falling prices. A multicriteria analysis (MCA) of PV systems is proposed in this paper in order to evaluate the sustainability of alternative projects. The investigations are presented using multiple indicators: Energy Payback Time (EPBT), Energy Return on Investment (EROI), Greenhouse Gas per kilowatt-hour (GHG/kWh), Greenhouse Gas Payback Time (GPBT), Greenhouse Gas Return on Investment (GROI), Net Present Value (NPV), Discounted Payback Time (DPBT), and Discounted Aggregate Cost Benefit (). PV energy is a relevant player in global electricity market and can have a key-role in sustainable growth.

An integrated framework for e‐supply networks analysis

Purpose – The purpose of the present paper is to provide a comprehensive framework for analyzing relationships among economic actors interconnected through internet and constituting e‐supply networks (e‐SNs).Design/methodology/approach – At first the main factors characterizing e‐SN pattern are identified (organizational structures, managerial criteria and critical activities), then two separate procedures are adopted for developing an integrated reference framework. The first based on the analysis of correlations among variables influencing the factors under investigation; the second based on the analysis of different types of physical and immaterial flows among actors involved in the e‐SN. On the basis of such evidence an integrated global framework is proposed, which is then used to classify and describe some relevant literature‐based case studies.Findings – On the basis of two newly introduced variables, namely the internal integration degree and the decision‐making concentration degree, the framework...