Research Seminar Series in Supply Chain Management

Would you like to know more about what the faculty does regarding its research practices or do you want more information about pursuing a PhD in the future, then visit this seminar!

Dr. Akhil Bhardwaj will host the seminar. Dr. Akhil Bhardwaj is graduated with honors from IE Business School in Spain and joined the Department of Management as an Assistant Professor in Supply Chain Management in August 2019. His research interests lies in artifact failures pertaining to design, operation, and governance of complex technical systems. He is particularly interested in the management of artifacts for which some form of failure is unpredictable, inevitable, and consequential.

To give you a bit more information about the talk, below you will find the name and abstract.

Bounded Rationality, Complexity, and Slow Moving Faultless Accidents: The Case of the Fatal Lac-Mégantic Derailment

Preventing accidents involving complex technical systems, which can cause massive damage to life and property, is critical, and yet sometimes efforts to do so inevitably fail. In the current study, I examine a catastrophic derailment of a freight train carrying millions of liters of crude oil that claimed the life of 47 people. Surprisingly, six years later, authorities have been unable to identify a root cause, and no agent or organization has found to be at fault. I begin by adopting the ‘defense-in-depth’ approach used in the industry, and highlight its shortcomings. I develop an explanation centered on unrealized system drift, brought on by incremental deviations, normalized by boundedly rational agents lacking in expertise, adapting to local conditions. Their lack of comprehension of drift is exacerbated by an organization design that channels attention inappropriately, as well as limits of knowledge and misaligned expertise. I submit that the regulatory response is unlikely to reduce the likelihood of similar accidents because the current ontological and epistemological framework to manage complex technical systems and investigate their failures is flawed. I suggest that reducing the likelihood of accidents requires recognizing the hazard of smallness of size of organizations, overspecialization of decision-making agents, and aligning decision rights with expertise.

Date
Took place on February 04, 18.30h February 04, 19.30h
Registration Deadline
February 04, 18:00h
Location
K7 Pavillion
Registration for this event is closed...

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