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Supply Chain Management Risk Models

內容大綱
Supply Chain Risk Management Tools for Analysis, Second Edition, is an eight-chapter book published by Business Expert Press in 2014 and written by David L. Olson, James & H. K. Stuart Professor in Management Information Systems and Chancellor's Professor at the University of Nebraska. In this book, the author explores the growth of global supply chains as well as the risks associated, such as political unrest and natural disasters. He highlights the importance of managing risk in a supply chain and outlines the categories of risk that managers must consider. He presents several quantitative tools and methods for risk management with extensive real-world examples and detailed models that have been updated in the new edition. Chapter 6, A Simulation of Supply Chain Risk Models (12 pages), focuses on a Monte Carlo simulation used to manage the risks of selecting supply vendors. The author uses vendor data to demonstrate in detail how a simulation can frame the uncertainties in the decision-making process. He also explains the need for a program such as Crystal Ball in the simulation. He explains how to use the Value at Risk (VaR) Concept to determine risk exposure in a supply chain and provides an example of a vendor selection model. The chapter ends with a real-world example of a furniture supply chain.
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