A Case Study of Global Supply Chain Risk Management
Today due to the social, political and environmental pressures a lot of companies have outsourced production to oversea manufacturers, and the complexities of the chains have been mounting especially quickly. Managing risk in the supply chain has never been as challenging as it is today. In this paper a comprehensive quantitative risk evaluation and mitigation model in global supply chains is developed which from several disciplines – supply chain management, logistics, economics and international business. A case study is provided which in view of a company whose products are manufactured in China and sold in U.S. The paper identified four risks including supply risk, operational risk, demand risk and financial risk and modeled as probabilistic distributions of the outcome. Moreover, the paper implemented and integrated some risk mitigation strategies such as hedging and speculation in the simulation model for further investigation.
Supply chain management Risk management Modeling and simulation Risk mitigation
YANG Peiying TANG Jiafa YAN Chongjun
Department of Systems Engineering, Northeastern University, Shenyang 110004, China
国际会议
The 24th Chinese Control and Decision Conference (第24届中国控制与决策学术年会 2012 CCDC)
太原
英文
2008-2012
2012-05-23（万方平台首次上网日期，不代表论文的发表时间）