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A Quantitative Analysis Of Disruption Risk In A Multi Echelon Supply Chain
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Book Synopsis A Quantitative Analysis of Disruption Risk in a Multi-Echelon Supply Chain by : Amanda J. Schmitt
Download or read book A Quantitative Analysis of Disruption Risk in a Multi-Echelon Supply Chain written by Amanda J. Schmitt and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We demonstrate how system resilience can be improved by focusing on a supply chain network as a whole. We analyze inventory placement and back-up methodologies in a multi-echelon network and view their effect on reducing supply chain risk. We focus on risk from both supply disruptions and demand uncertainty and compare their impacts and mitigating strategies. A simulation model developed to capture an actual network for a consumer packaged goods company is used for the analysis. We present analysis and insights for multi-echelon networks and show how network utilization and proactive planning enable reductions in supply chain disruption impact.
Book Synopsis Disruption Risk Management in Serial Multi-echelon Supply Chains by : Florian Lu+cker
Download or read book Disruption Risk Management in Serial Multi-echelon Supply Chains written by Florian Lu+cker and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This research focuses on managing supply chain disruption risk using inventory and reserve capacity in serial multi-echelon supply chains. The research problem is to determine the optimal risk mitigation inventories and reserve capacities when product transformation occurs at each echelon. Disruptions at each echelon are modeled as a random process. We derive insights on the optimal location and quantity of risk mitigation inventory (RMI) and reserve capacity held in serial supply chains. We show that the downstream echelon typically holds at least as much RMI as the upstream echelon. At the same time, it is often optimal to hold additionally more reserve capacity downstream than upstream. These results hold under the assumption that inventory and reserve capacity holding costs are larger downstream than upstream. Our research also suggests that RMI is preferred to reserve capacity as a risk mitigation lever in long serial supply chains, i.e., in supply chains with a large number of echelons. This research problem is inspired by a risk management problem of a leading pharmaceutical company.
Book Synopsis Managing Risk of Supply Chain Disruptions by : Tong Shu
Download or read book Managing Risk of Supply Chain Disruptions written by Tong Shu and published by Routledge. This book was released on 2014-05-16 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses important issues related to managing supply chain disruption risks from various perspectives. It explores the essence and principles relating to managing these risks and provides the framework and multi-goal model groups for managing such risks. The book also discusses research development of managing supply chain disruptive risks, supply chain risk conduction and loss assessment methods of supply chain disruptive events. It also includes the consideration of supply chain coordinating models in the cases of demand and supply disruption risks. It also deals on the subject of managing models of supply chain disruption risks by looking at manufacturers and responding decision methods oriented towards demand in disruption and coordination. It also summarizes the relevant findings and provides future research questions and orientations. The book will contributes significantly to the growing body of knowledge concerning the theory of managing supply chains.
Book Synopsis Structural Dynamics and Resilience in Supply Chain Risk Management by : Dmitry Ivanov
Download or read book Structural Dynamics and Resilience in Supply Chain Risk Management written by Dmitry Ivanov and published by Springer. This book was released on 2017-11-07 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an introduction to structural dynamics, ripple effect and resilience in supply chain disruption risk management for larger audiences. In the management section, without relying heavily on mathematical derivations, the book offers state-of-the-art concepts and methods to tackle supply chain disruption risks and designing resilient supply chains in a simple, predictable format to make it easy to understand for students and professionals with both management and engineering background. In the technical section, the book constitutes structural dynamics control methods for supply chain management. Real-life problems are modelled and solved with the help of mathematical programming, discrete-event simulation, optimal control theory, and fuzzy logic. The book derives practical recommendations for management decision-making with disruption risk in the following areas: How to estimate the impact of possible disruptions on performance in the pro-active stage? How to generate efficient and effective stabilization and recovery policies? When does one failure trigger an adjacent set of failures? Which supply chain structures are particular sensitive to ripple effect? How to measure the disruption risks in the supply chain?
Book Synopsis Operational Research by : João Paulo Almeida
Download or read book Operational Research written by João Paulo Almeida and published by Springer Nature. This book was released on 2024-01-06 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the XXII Congress of APDIO – IO 2022 which is the 22nd edition of the regular meeting of the Portuguese Association of Operational Research (APDIO). The APDIO regular meetings aim to gather Portuguese and international researchers, scholars and practitioners, as well as M.Sc. and Ph.D. students, working in the field of Operations Research to present and discuss their latest research works. The main theme of the XXII Congress of APDIO is OR in Turbulent Times: Adaptation and Resilience. Readers find interesting results and applications of Operational Research cutting-edge methods and techniques in the wide variety of the addressed problems. Of particular interest are the applications of, among others, linear, nonlinear and mixed-integer programing, multiobjective optimization, metaheuristics and hybrid heuristics, multicriteria decision analysis, data envelopment analysis, simulation, clustering techniques and decision support systems, in different areas such as, supply chain management, scheduling problems, production management, logistics, energy, telecommunications, finance and health.
Book Synopsis Dynamics in Logistics by : Michael Freitag
Download or read book Dynamics in Logistics written by Michael Freitag and published by Springer. This book was released on 2018-02-16 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: These proceedings contain research presented at the 6th International Conference on Dynamics in Logistics, held in February 2018.The integration of dynamics within the modeling, planning and control of logistic processes and networks has shown to contribute massively to the improvement of the latter. Moreover, diversification of markets and demand has increased both the complexity and the dynamic changes of problems within the area of logistics. To cope with these challenges, it must become possible to identify, describe and analyze such process changes. Moreover, logistic processes and networks must be revised to be rapidly and flexibly adaptable to continuously changing conditions. This book presents new ideas to solve such problems, offering technological, algorithmic and conceptual improvements. It primarily addresses researchers and practitioners in the field of industrial engineering and logistics.
Book Synopsis Handbook of Ripple Effects in the Supply Chain by : Dmitry Ivanov
Download or read book Handbook of Ripple Effects in the Supply Chain written by Dmitry Ivanov and published by Springer. This book was released on 2019-04-17 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an introduction to the ripple effect in the supply chain for a broad audience comprising recent developments. The chapters of this handbook are written by leading experts in supply chain risk management and resilience. For the first time, the chapters present in their synergy a multiple-faceted view of the ripple effect in supply chains, while considering organization, optimization, and informatics perspectives. Ripple effect describes the impact of a disruption propagation on supply chain performance, structural designs and operational parameters. The ripple effect manifests when the impact of a disruption cannot be localized and cascades along the supply chain. The resulting structural dynamics can lead to capacity and demand fulfilment downscaling and negatively influence the firm’s financial and operational performance. The book delineates major features of the ripple effect and methodologies to mitigate the adverse impact of supply chain disruption propagation and to recover in case of severe disruptions. The book provides fresh insights for supply chain management and engineering regarding the following questions: - In what circumstance does one failure cause other failures? - Which structures of the supply chain are especially susceptible to the ripple effect? - What are the typical ripple effect scenarios and what are the most efficient ways to respond them? Distinctive Features: • It considers ripple effect in the supply chain from an multi-disciplinary perspective• It offers an introduction to ripple effect mitigation and recovery policies in the framework of disruption risk management in supply chains for a broad audience• It integrates management and engineering perspectives on disruption risk management in the supply chain• It presents innovative optimization and simulation models for real-life management problems• It considers examples from both industrial and service supply chains• It reveals decision-making recommendations for tackling disruption risks in the supply chain in proactive and reactive domains.
Book Synopsis Risk Analysis in Stochastic Supply Chains by : Tsan-Ming Choi
Download or read book Risk Analysis in Stochastic Supply Chains written by Tsan-Ming Choi and published by Springer Science & Business Media. This book was released on 2012-06-05 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk analysis is crucial in stochastic supply chain models. Over the past few years, the pace has quickened for research attempting to explore risk analysis issues in supply chain management problems, while the majority of recent papers focus on conceptual framework or computational numerical analysis. Pioneered by Nobel laureate Markowitz in the 1950s, the mean-risk (MR) formulation became a fundamental theory for risk management in finance. Despite the significance and popularity of MR-related approaches in finance, their applications in studying multi-echelon supply chain management problems have only been seriously explored in recent years. While the MR approach has already been shown to be useful in conducting risk analysis in stochastic supply chain models, there is no comprehensive reference source that provides the state-of-the-art findings on this important model for supply chain management. Thus it is significant to have a book that reviews and extends the MR related works for supply chain risk analysis. This book is organized into five chapters. Chapter 1 introduces the topic, offers a timely review of various related areas, and explains why the MR approach is important for conducting supply chain risk analysis. Chapter 2 examines the single period inventory model with the mean-variance and mean-semi-deviation approaches. Extensive discussions on the efficient frontiers are also reported. Chapter 3 explores the infinite horizon multi-period inventory model with a mean-variance approach. Chapter 4 investigates the supply chain coordination problem with a versatile target sales rebate contract and a risk averse retailer possessing the mean-variance optimization objective. Chapter 5 concludes the book and discusses various promising future research directions and extensions. Every chapter can be taken as a self-contained article, and the notation within each chapter is consistently employed.
Book Synopsis The Resilient Enterprise by : Yossi Sheffi
Download or read book The Resilient Enterprise written by Yossi Sheffi and published by MIT Press. This book was released on 2007-02-23 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stories from Nokia, Dell, UPS, Toyota, and other companies show how firms can reduce their vulnerability to high-impact distributions, from earthquakes to strikes, from SARS to terrorism, and use them for competitive advantage. What happens when fire strikes the manufacturing plant of the sole supplier for the brake pressure valve used in every Toyota? When a hurricane shuts down production at a Unilever plant? When Dell and Apple chip manufacturers in Taiwan take weeks to recover from an earthquake? When the U.S. Pacific ports are shut down during the Christmas rush? When terrorists strike? In The Resilient Enterprise, Yossi Sheffi shows that companies' fortunes in the face of such business shocks depend more on choices made before the disruption than they do on actions taken in the midst of it—and that resilience benefits firms every day, disaster or no disaster. He shows how companies can build in flexibility throughout their supply chains, based on proven design principles and the right culture—balancing security, redundancy, and short-term profits. And he shows how investments in resilience and flexibility not only reduce risk but create a competitive advantage in the increasingly volatile marketplace.Sheffi describes the way companies can increase security—reducing the likelihood of a disruption—with layered defenses, the tracking and analysis of “near-misses,” fast detection, and close collaboration with government agencies, trading partners, and even competitors. But the focus of the book is on resilience—the ability to bounce back from disruptions and disasters—by building in redundancy and flexibility. For example, standardization, modular design, and collaborative relationships with suppliers (and other stakeholders) can help create a robust supply chain. And a corporate culture of flexibility—with distributed decision making and communications at all levels—can create a resilient enterprise.Sheffi provides tools for companies to reduce the vulnerability of the supply chain they live in. And along the way he tells the stories of dozens of enterprises, large and small, including Toyota, Nokia, General Motors, Zara, Land Rover, Chiquita, Aisin Seiki, Southwest Airlines, UPS, Johnson and Johnson, Intel, Amazon.com, the U.S. Navy, and others, from across the globe. Their successes, failures, preparations, and methods provide a rich set of lessons in preparing for and managing disruptions. Additional material available at www.TheResilientEnterprise.com.
Book Synopsis Risk Management in Supply Chains by : Mohammad Heydari
Download or read book Risk Management in Supply Chains written by Mohammad Heydari and published by Routledge. This book was released on 2019-09-19 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book examines a relatively unexplored issue in supply chain risk management, which is how long companies specifically take to respond to catastrophic events of low probability but high impact. The book also looks at why such supply chain disruptions are unavoidable, and consequently, all complex supply chains are inherently at risk. The book illustrates how companies can respond to supply chain disruptions with faster responses and in shorter lead-times to reduce impact. In reducing total response time, designing solutions, and deploying a recovery plan sooner after a disruption in anticipation of such events, companies reduce the impact of disruption risk. The book also explores the basics of multiple-criteria decision-making (MCDM) and analytic hierarchy process (AHP), and how they contribute to both the quality of the financial economic decision-making process and the quality of the resulting decisions. The book illustrates through cases in the construction sector how this industry has become more complex and riskier due to the diverse nature of activities among global companies.
Book Synopsis Supply Chain Risk Management by : Yacob Khojasteh
Download or read book Supply Chain Risk Management written by Yacob Khojasteh and published by Springer. This book was released on 2017-07-24 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers important issues related to managing supply chain risks from various perspectives. Supply chains today are vulnerable to disruptions with a significant impact on firms’ business and performance. The aim of supply chain risk management is to identify the potential sources of risks and implement appropriate actions in order to mitigate supply chain disruptions. This book presents a set of models, frameworks, strategies, and analyses that are essential for managing supply chain risks. As a comprehensive collection of the latest research and most recent cutting-edge developments on supply chain risk and its management, the book is structured into three main parts: 1) Supply Chain Risk Management; 2) Supply Chain Vulnerability and Disruptions Management; and 3) Toward a Resilient Supply Chain. Leading academic researchers as well as practitioners have contributed chapters, combining theoretical findings and research results with a practical and contemporary view on how companies can manage the supply chain risks and disruptions, as well as how to create a resilient supply chain. This book can serve as an essential source for students and scholars who are interested in pursuing research or teaching courses in the rapidly growing area of supply chain risk management. It can also provide an interesting and informative read for managers and practitioners who need to deepen their knowledge of effective supply chain risk management.
Book Synopsis Proceedings of the 18th Asia Pacific Symposium on Intelligent and Evolutionary Systems, Volume 1 by : Hisashi Handa
Download or read book Proceedings of the 18th Asia Pacific Symposium on Intelligent and Evolutionary Systems, Volume 1 written by Hisashi Handa and published by Springer. This book was released on 2014-11-04 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains a collection of the papers accepted in the 18th Asia Pacific Symposium on Intelligent and Evolutionary Systems (IES 2014), which was held in Singapore from 10-12th November 2014. The papers contained in this book demonstrate notable intelligent systems with good analytical and/or empirical results.
Book Synopsis Global Supply Chain and Operations Management by : Dmitry Ivanov
Download or read book Global Supply Chain and Operations Management written by Dmitry Ivanov and published by Springer Nature. This book was released on 2021-11-19 with total page 673 pages. Available in PDF, EPUB and Kindle. Book excerpt: The third edition of this textbook comprehensively discusses global supply chain and operations management (SCOM), combining value creation networks and interacting processes. It focuses on operational roles within networks and presents the quantitative and organizational methods needed to plan and control the material, information, and financial flows in supply chains. Each chapter begins with an introductory case study, while numerous examples from various industries and services help to illustrate the key concepts. The book explains how to design operations and supply networks and how to incorporate suppliers and customers. It examines how to balance supply and demand, a core aspect of tactical planning, before turning to the allocation of resources to meet customer needs. In addition, the book presents state-of-the-art research reflecting the lessons learned from the COVID-19 pandemic, and emerging, fast-paced developments in the digitalization of supply chain and operations management. Providing readers with a working knowledge of global supply chain and operations management, with a focus on bridging the gap between theory and practice, this textbook can be used in core, specialized, and advanced classes alike. It is intended for a broad range of students and professionals in supply chain and operations management.
Book Synopsis Supply Chain Disruption Management Using Stochastic Mixed Integer Programming by : Tadeusz Sawik
Download or read book Supply Chain Disruption Management Using Stochastic Mixed Integer Programming written by Tadeusz Sawik and published by Springer. This book was released on 2017-06-30 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with stochastic combinatorial optimization problems in supply chain disruption management, with a particular focus on management of disrupted flows in customer-driven supply chains. The problems are modeled using a scenario based stochastic mixed integer programming to address risk-neutral, risk-averse and mean-risk decision-making in the presence of supply chain disruption risks. The book focuses on innovative, computationally efficient portfolio approaches to supply chain disruption management, e.g., selection of primary and recovery supply portfolios, demand portfolios, capacity portfolios, etc. Numerous computational examples throughout the book, modeled in part on real-world supply chain disruption management problems, illustrate the material presented and provide managerial insights. In the computational examples, the proposed mathematical programming models are solved using an advanced algebraic modeling language such as AMPL and CPLEX, GUROBI and XPRESS solvers. The knowledge and tools provided in the book allow the reader to model and solve supply chain disruption management problems using commercially available software for mixed integer programming. Using the end-of chapter problems and exercises, the monograph can also be used as a textbook for an advanced course in supply chain risk management. After an introductory chapter, the book is then divided into five main parts. Part I addresses selection of a supply portfolio; Part II considers integrated selection of supply portfolio and scheduling; Part III looks at integrated, equitably efficient selection of supply portfolio and scheduling; Part IV examines integrated selection of primary and recovery supply (and demand) portfolios and scheduling; and Part V addresses disruption management of information flows in supply chains.
Book Synopsis Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023) by : Suhaiza Hanim Binti Dato Mohamad Zailani
Download or read book Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023) written by Suhaiza Hanim Binti Dato Mohamad Zailani and published by Springer Nature. This book was released on 2023-11-10 with total page 1820 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access book.Management science aims to study the dynamic study of human use of limited resources in management activities to achieve organizational goals: complex and innovative social behavior and its laws. And engineering management refers to the management of important and complex new products, equipment and devices in the process of development, manufacturing and production, and also includes the study and management of technological innovation, technological transformation, transformation, transformation, layout and strategy of industrial engineering technology development. The development or breakthrough of management theory is accompanied by the development and progress of science and technology, and the level of science and technology and the level of management theory in each historical period are mutually adaptive, and it can be said that the progress of science and technology plays an important role in promoting the development of management. At the same time, the rapid development and progress of science and technology give a strong injection to the development of engineering, and provide the possibility for engineering construction can use new technology, new equipment, new technology and new materials. Modern management is an important development direction of management science nowadays. And the use of modern management in engineering has an important role in saving social costs, ensuring project quality, and improving safety awareness and behavior. ICMSEM 2023 will focus on modern management, discuss about the benefits that modernization brings to engineering. ICMSEM 2023 aims to: Develop and advance management science through the study and application of certain issues. Open up new perspectives in the sharing of speakers and inspire the audience to new ways of managing in engineering. Create a forum for sharing, research and exchange at the international level, so that the participants can be informed of the latest research directions, results and contents of management science, which will inspire them to new ideas for research and practice.
Book Synopsis Supply Chain Disruption Management by : Tadeusz Sawik
Download or read book Supply Chain Disruption Management written by Tadeusz Sawik and published by Springer Nature. This book was released on 2020-05-29 with total page 487 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with stochastic combinatorial optimization problems in supply chain disruption management, with a particular focus on management of disrupted flows in customer-driven supply chains. The problems are modeled using a scenario based stochastic mixed integer programming to address riskneutral, risk-averse and mean-risk decision-making in the presence of supply chain disruption risks. The book focuses on integrated disruption mitigation and recovery decision-making and innovative, computationally efficient multi-portfolio approach to supply chain disruption management, e.g., selection of primary and recovery supply portfolios, demand portfolios, capacity portfolios, etc. Numerous computational examples throughout the book, modeled in part on realworld supply chain disruption management problems, illustrate the material presented and provide managerial insights. Many propositions formulated in the book lead to a deep understanding of the properties of developed stochastic mixed integer programs and optimal solutions. In the computational examples, the proposed mathematical programming models are solved using an advanced algebraic modeling language such as AMPL and CPLEX, GUROBI and XPRESS solvers. The knowledge and tools provided in the book allow the reader to model and solve supply chain disruption management problems using commercially available software for mixed integer programming. Using the end-of chapter problems and exercises, the monograph can also be used as a textbook for an advanced course in supply chain risk management. After an introductory chapter, the book is then divided into six main parts. Part I addresses selection of a supply portfolio; Part II considers integrated selection of supply portfolio and scheduling; Part III looks at integrated, equitably efficient selection of supply portfolio and scheduling; Part IV examines integrated selection of primary and recovery supply and demand portfolios and production and inventory scheduling, Part V deals with selection of resilient supply portfolio in multitier supply chain networks; and Part VI addresses selection of cybersecurity safequards portfolio for disruption management of information flows in supply chains.
Book Synopsis Managing Supply Chain Disruptions by : Asoo J. Vakharia
Download or read book Managing Supply Chain Disruptions written by Asoo J. Vakharia and published by Now Publishers Inc. This book was released on 2009 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing Supply Chain Disruptions categorizes and review the substantive research contributions relating to managing supply chain disruptions. With a primary emphasis on formulating directions for future research, the authors focus on significant research and practical findings. Managing Supply Chain Disruptions reviews the general area of supply chain disruptions and examine classifications of disruptions which can be used to provide insights into the disruption management process. It reviews the literature in the emerging field of disruption risk management which attempts to identify specific risks associated with supply chain disruptions. This is followed by a review of conceptual/empirical research with a focus on providing general insights into how one or more organizations have managed the risk associated with disruptions. Given that designing robust supply chain networks are a key feature of managing disruption risk, the authors examine the relevant research in this domain. A detailed analysis of prior research targeted at managing specific risks (e.g., product, supply, operations/process, and transportation risks) is presented, and finally, directions for future research are discussed.
