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Operations Research Proceedings 2015 pp 417–422Cite as

On the Association Between Economic Cycles and Operational Disruptions

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Abstract

In this research we empirically verify the relationship between operational disruptions and economic cycles in the manufacturing industry of the United States. Contemporary and lagged correlation estimates are measured to demonstrate the degree of co-movement between the severity and the number of operational disruptions and several macroeconomic variables. Our findings suggest that the severity of operational disruptions follows the economic cycles with a lag of two years.

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Acknowledgements

We gratefully acknowledge the contribution of the SAS Institute (Switzerland) for granting access to the SAS OpRisk Global Data.

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Authors and Affiliations

  1. Chair of Logistics Management, Department of Management, Technology and Economics, Swiss Federal Institute of Technology Zurich, Weinbergstrasse 56/58, 8092, Zurich, Switzerland

    Kamil J. Mizgier & Stephan M. Wagner

  2. Chair of Macroeconomics: Innovation and Policy, Department of Management, Technology and Economics, Swiss Federal Institute of Technology Zurich, Zürichbergstrasse 18, 8092, Zurich, Switzerland

    Stylianos Papageorgiou

Authors
  1. Kamil J. Mizgier
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  2. Stephan M. Wagner
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  3. Stylianos Papageorgiou
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Corresponding author

Correspondence to Kamil J. Mizgier .

Editor information

Editors and Affiliations

  1. Department of Business Administration, University of Vienna, Vienna, Austria

    Karl Franz Dörner

  2. Decision Sciences and Statistics (IDS) Department, ESSEC Business School of Paris, Cergy Pontoise Cedex, France

    Ivana Ljubic

  3. Department of Statistics and Operations Research, University of Vienna, Vienna, Austria

    Georg Pflug

  4. Operations Research and Control Systems, TU Wien, Vienna, Austria

    Gernot Tragler

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Mizgier, K.J., Wagner, S.M., Papageorgiou, S. (2017). On the Association Between Economic Cycles and Operational Disruptions. In: Dörner, K., Ljubic, I., Pflug, G., Tragler, G. (eds) Operations Research Proceedings 2015. Operations Research Proceedings. Springer, Cham. https://doi.org/10.1007/978-3-319-42902-1_56

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