Simulation of Supply Chain Risk

David L. Olson () and Desheng Wu ()
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David L. Olson: University of Nebraska
Desheng Wu: University of Toronto

Chapter Chapter 9 in Enterprise Risk Management Models, 2010, pp 115-130 from Springer

Abstract: Abstract Supply chains involve many risks, as we have seen. Modeling that risk focuses on probability, a well-developed analytic technique. This chapter addresses basic simulation models involving supply chains, to include inventory modeling (often accomplished through system dynamics) and Monte Carlo simulation of vendor outsourcing decisions.

Keywords: Supply Chain; Bullwhip Effect; Shortage Cost; Vendor Management Inventory; Purchasing Cost (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-11474-8_9

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DOI: 10.1007/978-3-642-11474-8_9

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