Despite uncertainty, supply-side scholars argue that the climatic influences of forests should underpin global forest policy.
Equally, increasingly volatile commodity prices, borne in part of increasing uncertainty over supply, mean companies are less willing to invest in discovering new supplies, unsure of the return they will make on their investment.
Furthermore, the uncertainty of supply chains in different countries and regions may differ dramatically in terms of their structures, drug supplies, security, transportation and other infrastructures, etc.
Currency fluctuations already have added uncertainty to supply routes.
Ofgem also highlighted uncertainty around supply and demand for electricity.
However, an official report for Decc (pdf) admits that there is considerable uncertainty about supply.
National Grid reckons that compensating for that uncertainty of supply will require a huge amount of over-engineering.
"We have now had to invest in expensive helium-capture technology to recover some of what is burnt off," he said, "and this decision was driven by a need to insulate ourselves against uncertainty over supply and cost".
"This would create tremendous uncertainty in supply for end users and the timing infringes on our existing contracts".
Ignoring uncertainty in supply chain planning problems may result in non-optimal and/or infeasible solutions for real case studies.
The proposed system will help SMEs to take an appropriate decision to mitigate the uncertainty in supply chain.
