Submitted by Daniel Dumke on Mon, 2011-12-19 17:35
Paper
Optimal newsvendor policies for dual-sourcing supply chains: A disruption risk management framework
Year:
2012
This is the continuation of the Greece week and today I am going to have a look at a mathematical model to capture the effects of dual disruptions in a news-vendor model.
This time the three authors (Xanthopoulos, Vlachos and Iakovou) come from the Aristotle University of Thessaloniki.
This is another look at flexibility strategies to reduce uncertainty in supply chains. This time from the point of view of five Chinese companies in the apparel industry.
A large proportion of the efforts in supply chain risk management focus on the supply side, even though, using common definitions of supply chain management, the supply chain of course not only contains the suppliers but also the customers down to the end-customer.
Focussing on the supply side, Hallikas et al. 2005 studied the different classes of supplier relationships and what risk mitigation strategies might be effective with these classes. This classification can help both affected parties, in understanding the effects of risk on their relationship.
In this article the authors, Giunipero and Eltantawy (2004) explore situational factors which contribute to the company’s level of investment into risk management activities. These factors are:
I already reviewed one of the articles of Zsidisin (Perception of Supply Risk). Today I had a look at an article about how the purchasing organization is involved in the supply chain risk management activities.
Decisions within a company are not made on pure rational grounds. Assuming that there is the will to make a rational decision, nevertheless limits in information gathering, computing capabilities and memory lead to irrational conclusions (bounded rationality).
So the goal must be to enhance rational decision making and for this end Kaufmann et al. (2009) developed a framework to combat irrationality.
Today I read a rather old article from 1995 about “Organizational Risk Perception and Reduction: A Literature Review” by Vincent-Wayne Mitchell, now at the Cass Business School in London. I present it here since I think most of the concepts and strategies are still valid.
Submitted by Daniel Dumke on Tue, 2010-09-28 18:22
The second day has been a great day at the CSCMP conference.
I started with the Opening Ceremony moderated by Rick Blasgen, he and Bob Silverman and Donald Biggs (Learn, Network, Have fun) introduced this years theme (Learn, Lead, Succeed) and the keynote speakers.
