Risk Management in Supply Networks Using Monte-carlo Simulation

@inproceedings{Kuhl2005RiskMI,
  title={Risk Management in Supply Networks Using Monte-carlo Simulation},
  author={Michael E. Kuhl and Natalie M. Steiger and F. Bradley Armstrong and Jeffrey A. Joines},
  year={2005}
}
Trends such as (1) globalization, (2) heavy reliance on transportation and communication infrastructures, and (3) lean manufacturing have led to an increase in the vulnerability of supply networks. Due to a large number of interrelated processes and products, disruptions caused by these vulnerabilities propagate rapidly. Firms, however, can partially control the robustness and resilience of their supply networks through strategic and tactical decisions. Therefore, a decision-support tool that… CONTINUE READING
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