This project developed a three-step approach to analyze and optimize supply chain designs under demand uncertainty. This approach adopts a Monte Carlo simulation and real option analysis method in conjunction with supply chain models. Its spreadsheet implementation was used to analyze ocean shipping plans and inland trucking plans. Author: Yanfeng...
Supply Chain Frontiers issue #20. Read all articles in this issue The inaugural research meeting of the MIT Efficient Healthcare Delivery Research Group (MEHD) will take place on September 18, 2007, on the MIT campus. Launched by the MIT Center for Transportation & Logistics (CTL), the MEHD Group will drive...
Supply Chain Frontiers issue #20. Read all articles in this issue Changing the world’s energy consumption habits to counter rising levels of greenhouse gases in the atmosphere requires a 50-year time horizon, said Professor Ernest J.Moniz, MIT Professor of Physics and Director of the MIT Energy Initiative. Meanwhile, global energy...
Supply Chain Frontiers issue #20. Read all articles in this issue Two major retailers, Best Buy and Inditex Group, originate on different sides of the Atlantic Ocean yet share a common focus on innovation that benefits the customer. And both organizations have developed supply chains that support their innovative approaches...
Supply Chain Frontiers issue #20. Read all articles in this issue Supply chain managers have a unique opportunity to learn how to compete in fast-changing markets at the MIT Center for Transportation & Logistics’ Executive Education Course, in Cambridge, MA, June 19-22, 2007. Two new speakers, Nick LaHowchic, formerly Corporate...
