Radio frequency identification (RFID) is believed to change how supply chains operate today. While RFID’s promise for improved inventory visibility and automation in inventory management is making many supply chain players hopeful for increased sales and reduced operating costs, these benefits do come at a cost and involve risks. This article presents a financial returns analysis that captures ...

Measures taken to decrease interdependent risks within chemical industrial areas should be based on quantitative data from a holistic (cluster-based) point of view. Therefore, this paper examines the typology of networks representing industrial areas to formulate recommendations to more effectively protect a chemical cluster against existing systemic risks. Chemical industrial areas are modeled...

Firms need to deal with not only risks from stochastic demand but also risks from supply side. The supply side risk may be due to parts/service outsourcing, third party logistics, or random yield in production processes. In this paper, we study how firms sequentially make price and quantity decisions under these two risks. The first question we try to answer is how these two risks affect the de...

Planning and control systems have deeply evolved in recent years in order to cope with the needs of manufacturing firms. It is possible to identify a route of evolution that begins with the introduction of MRP systems (Orlicky, 1975) and, passing through the management of capacity and materials constraints, moves towards contemporary APS (Advanced Planning & Scheduling) and SCM (Supply Chain Ma...

David Simchi-Levi Department of Civil and Environmental Engineering, Engineering Systems Division, and the Operations Research Center, Massachusetts Institute of Technology, Cambridge, Massachusetts 02139, [email protected] William Schmidt Samuel Curtis Johnson Graduate School of Management, Cornell University, Ithaca, New York 14853, [email protected] Yehua Wei The Fuqua School of Business, Du...

Supply chain risk management is one important content in enterprises management. The cooperation between enterprises in the supply chain may be put under risk due to changes of various factors. This paper analyzes the formation of endogenous risk and exogenous risk of supply chain risk and puts forward the the strategies of solving supply chain risk .

Sustainable supply chain network design is a rich area for academic research that is still in its infancy and has potential to affect supply chain performance. Increasing regulations for carbon and waste management are forcing firms to consider their supply chains from ecological and social objectives, but in reality, however, facilities and the links connecting them are disrupted from time to ...

Many authors suggest that market forces are inadequate to successfully manage the problems of resource availability and use. The fundamental question is whether these inadequacies are intrinsic to the market or if they arise from a failure of firms to detect and respond to subtle market signals. This paper explores the latter by describing (1) mechanisms that can limit materials availability, (...

Supply chain risk management is primarily a process that involves the identification, assessment and mitigation of risks that arise in a particular supply chain system. Pertaining to that, the offshore and marine industry is one of the many industries that have seldom received much consideration when it comes to management of the supply chain system. The rig buildi...

In this paper, we develop a framework for robust supply chain design i.e. to build supply chains, which can handle disruptive events with minimal loss. There are two obvious steps to handle exceptions: (1) to design chains with built in risk-tolerance and (2) to contain the damage once the undesirable event has occurred. In this paper, we consider design of robust (to risks) supply chains. Firs...