DANCEST 805 Lecture Notes - Lecture 27: Non-Renewable Resource, Root Mean Square, Resource Recovery
Document Summary
A natural resource scarcity typology: theoretical foundations and strategic. Accordingly, supply chain managers should consider natural resource scarcity (nrs) a critical supply chain risk factor for the foreseeable future. Natural resource scarcity (nrs) - a lack of adequate supply of natural resource(s) to meet required human demand. Societies throughout history have generally mitigated scarcity problems through technology and substitution, some modern economists worry this position may be untenable, given that political and economic systems generally assume resource availability in perpetuity. How rms use natural resources is impacted by both the renewability and scarcity of a held resource. Resources such as agricultural, forestry, and shery products are renewable"". Whereas coal, oil, and minerals are for practical purposes nonrenewable. "". Scarcity describes the balance of physical supply and demand in a given location. Resources can be globally or locally scarce or available. Gscm cannot ignore scarcity and renewability issues much longer. Technology and substitution has delayed the effects of.
