Supply chain flexibility is widely seen as one major response to increasing uncertainty and competition in the … marketplace. Researches and practioners acknowledge the competitive advantage of supply chain flexibility. However, flexibility is … costly. Thus, a match between flexibility and environmental uncertainty seems to be an appropriate option. Empirical research …

-maximizing investment policy is lumpy, and sensitivity analysis shows that greater demand volatility is associated with the firm choosing to … volatility leads to investment in smaller increments, more frequently. Overall, the reduced frequency dominates the greater scale …, so that the long-run average rate of investment is a decreasing function of demand volatility. The timing and scale of …

highlighted creativity and flexibility in coping with uncertainty. Business owners adapted their strategies regarding processes …