Dynamic System Model of Steel Industry Supply Chain with Economic Goals Approach

Nowadays, organizations need an efficient supply chain and proper supply chain management to face global competition. The steel industry is considered the most strategic industrial good in the world because of its large impact on the economic and industrial development of countries. Paying attention to the supply chain of this industry, as the fundamental industry is crucial because of its key role in the national economy and the welfare of communities. This research aims to provide a dynamic system model for the country's steel supply chain to help policymakers and managers to have more effective management in the industry. To present the model, causal rings are drawn by the association of steel industry experts and then modeled by VENSIM. Following are the required tests for model validation. Scenario-based simulation results show that a ±20% change in the two model parameters that reflect technology growth and investment coefficient will have a significant impact on the achievement of the goals.