Enterprise IT service downtime cost and risk transfer in a supply chain

被引:13
作者
Wang, Shaun S. [1 ,2 ]
Franke, Ulrik [3 ]
机构
[1] Nanyang Technol Univ, Insurance Risk & Finance Res Ctr, Nanyang Business Sch, 50 Nanyang Ave, Singapore 639798, Singapore
[2] Southern Univ Sci & Technol, Dept Finance, Shenzhen, Guangdong, Peoples R China
[3] RISE Res Inst Sweden, POB 1263, SE-16429 Kista, Sweden
关键词
Enterprise IT service; Downtime cost; Supply chain; CYBER-RISK; INSURANCE; SECURITY; AVAILABILITY; INTEGRATION; RECOVERY;
D O I
10.1007/s12063-020-00148-x
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
In this paper we present an economic model for analyzing enterprise IT service downtime cost, first on a standalone basis and then in a supply chain setting. With a baseline probability model of Poisson arrival frequency with random downtime duration, we analyze optimal production of a firm's investments in reducing frequency and duration of downtime, and corresponding premiums for insuring against downtime cost. We also present a model for the spillover effect of downtime for interconnected firms in a supply chain, and discuss how third-party insurance coverage can help enterprises to internalize the externalities of spillover effects on the supply chain.
引用
收藏
页码:94 / 108
页数:15
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