Operations and Supply Chain Management Commons^™

Integrated Risk Management: A Conceptual Framework With Research Overview And Applications In Practice, Panos Kouvelis, Lingxiu Dong, Onur Boyabatli, Rong Li

Research Collection Lee Kong Chian School Of Business

This chapter presents an action‐based supply chain risk management framework that has emerged from industry practice and academic research. For practitioners, this conceptual framework can serve as a guideline to devise risk management strategies that suit their specific supply chain environments. For academicians, one can map the research in the growing field of integrated risk management research within the context of this framework, and identify potentially fruitful directions for future research. The framework of supply chain risk management proposes a two‐stage action plan: a planning stage and an execution stage. Risk mitigation strategy has been the main focus of the …

Integrating Long-Term And Short-Term Contracting In Beef Supply Chains, Onur Boyabatli, Paul R. Kleindorfer, Stephen R. Koontz

Research Collection Lee Kong Chian School Of Business

This paper analyzes the optimal procurement, processing, and production decisions of a meat-processing company (hereafter, a "packer") in a beef supply chain. The packer processes fed cattle to produce two beef products, program (premium) boxed beef and commodity boxed beef, in fixed proportions, but with downward substitution of the premium product for the commodity product. The packer can source input (fed cattle) from a contract market, where long-term contracts are signed in advance of the required delivery time, and from a spot market on the spot day. Contract prices are taken to be of a general window form, linear in …

Tls Newsletter Volume 6, Edition 1. September, 2011, Unf Transportation And Logistics Society

Transportation & Logistics Society Newsletter

Inside the Newsletter: Important Upcoming Events. TLS on Tour: Maxwell House Green Coffee Quality Lab and Dupuy Silo. Get to Know TLS Newsletter Editor William England. In the Know--Transportation and Logistics Fall Career Day. Life After Graduation with Mika Pitts.

Research On Inbound Logistics Strategy For Shanghai General Motors, Zhe Zou

World Maritime University Dissertations

No abstract provided.

Marketing Model Of Freight Forwarding Basing On Information Technology, Yang Li

World Maritime University Dissertations

No abstract provided.

Isscm Graduating Cohort, August 2011, Raj Soin College Of Business, Wright State University

ISSCM Master Cohort Posters

No abstract provided.

Supply Chain Performance Of The Australian Beef Industry: Comparing The Industry Structure, Inter-Firm Relationships And Knowledge Systems Of Western Australia And Queensland, Mohammad Nasir Uddin,, Nazrul Islam, Mohammed Quaddus

Books & book chapters

The meat and livestock industry in Australia accounts for more than 45 per cent of Australia’s total value of agricultural production, within which beef is the largest industry in value terms (Nossal, Sheng and Zhao 2008). But the industry is experiencing a long-term decline in terms of trade, and has lagged behind other industries in rates of productivity improvement (MLA 2008). As it is critical for the economy that the beef industry maintains profitability and sustainability, it is believed that the performance, competitiveness and success of the industry depends on improving cost efficiency and productivity of the whole supply chain …

E-Textbooks: Is Now The Right Time?, Shu Z. Schiller

Management Information Systems Faculty Publications

Don’t be surprised when you see NOOK and iPads sitting along the side of books in campus bookstores this fall. Among numerous types of digital tools and technologies used in classrooms today, e-textbooks seem to be the next rising star. In the arena of higher education, educators have long been using digital materials and tools for teaching and learning. Many universities have adopted campus-wide online course management applications such as products from BlackBoard and Desire2Learn. Online meeting tools such as GoToMeeting, Elluminate, and Adobe Connect have now transformed the traditional delivery of teaching and lecturing to a synchronized, real-time interaction …

Using Lean To Teach The Technical Services Value Stream: An Online Continuing Education Course, Tamera Hanken

Library Faculty Presentations

Lean Principles:

• Identify steps in the process that add customer defined value

• Identify waste in transportation, wait, overproduction, defect, inventory, motion, or extra processing

• Eliminate the steps in the process that don’t add value or are unnecessary

• Make sure the steps flow in an efficient sequence

• Establish pull, i.e., make sure the steps in the sequence don’t create bottlenecks

• Continue to improve the process

Optimal Investment Under Operational Flexibility, Risk Aversion, And Uncertainty, Michail Chronopoulos, Bert De Reyck, Afzal Siddiqui

Research Collection Lee Kong Chian School Of Business

Traditional real options analysis addresses the problem of investment under uncertainty assuming a risk-neutral decision maker and complete markets. In reality, however, decision makers are often risk averse and markets are incomplete. We confirm that risk aversion lowers the probability of investment and demonstrate how this effect can be mitigated by incorporating operational flexibility in the form of embedded suspension and resumption options. Although such options facilitate investment, we find that the likelihood of investing is still lower compared to the risk-neutral case. Risk aversion also increases the likelihood that the project will be abandoned, although this effect is less …

Maritime Trade Evolutions And Port City Developments In Asia, X. J. Yang, Joyce M. W. Low, Loon Ching Tang

Research Collection Lee Kong Chian School Of Business

Historically, almost all goods transported worldwide have been carried by sea with the current estimate stands at approximately 90 percent by volume and 70 percent by worth. Maritime industry is an important economic sector as it has a direct impact on the prosperity of a region and/or city. This chapter presents a review on maritime trade evolution in Asia from the thirteenth centuries to the post-World War II, followed by an examination on the contemporary development of some major Asia ports. From the extant port literature, a list of factors affecting port competition and development is identified and reviewed. The …

An Empirical Investigation Of Supply Chain Excellence In Healthcare, Brian Keith Smith

Graduate Theses and Dissertations

This research is motivated by opportunities to improve the cost and quality of healthcare delivery through improved supply chain processes. This research assesses the quality of the healthcare supply chain and identifies factors that are driving supply chain excellence among organizations in the healthcare industry. The first objective of this research is to assess the state of quality measurement in the healthcare supply chain. The achievement of this first objective is presented in Chapter 3 of this dissertation in the form of a manuscript accepted for publication in The Quality Management Journal. The second research objective is to develop …

Achieving The Air Force’S Energy Vision, Frederick G. Harmon, Richard D. Branam, Doral E. Sandlin

Faculty Publications

The US Air Force is the largest consumer of energy in the federal government, spending 9 billion in 2008 to fuel aircraft and ground vehicles as well as provide energy to installations.¹ In that same year, the Air Force s fuel bill of 7 billion amounted to more than half of the US government s total fuel cost.² Because of the critical and central role that energy plays in completion of the Air Force’s mission, the secretary of the Air Force has developed an Air Force energy plan supported by three pillars Reduce Demand, Increase Supply, and Culture …

Outpacing Moore’S Law: Information Technology’S Role As An Enabler, Kevin P. Duffy

Management Information Systems Faculty Publications

Technology is widely recognized as an enabler of business models. When the Web appeared in the 1990s, businesses redesigned the ways in which they interacted with their customers. They became global, rather than local, and the world represented an expanded customer base. While the Web has become a fact of life since the 1990s, technology has not lost its ability to introduce new ways of enabling organizations to provide and create value for their customers, as new and inventive ways of interacting with customers continue to appear.

Resource Maps For Fresh Meat Across Retail And Wholesale Supply Chains, Peter Whitehead, Martin Palmer, Carlos Mena, Adrian Williams, Christine Walsh

Business Faculty Publications and Presentations

Consumers spend more money on meat than any other food item. WRAP has already shown that households are wasting around 570,000 tonnes of fresh meat each year, of which 260,000 (46%) is avoidable with a value of about £1,300M. These wasted products also include embedded water and embedded carbon. This research has focused on the supply of meat from the farm gate onwards, including livestock slaughtering, meat preparation, processing and packaging, distribution and retail. It focuses on fresh meat from the four animal species which comprise some 96% by weight of all animals slaughtered for human consumption, namely chickens, cattle, …

Fruit And Vegetable Resource Maps: Mapping Fruit And Vegetable Waste Through The Wholesale Supply Chain, Leon A. Terry, Carlos Mena, Adrian Williams, Nigel Jenney, Peter Whitehead

Business Faculty Publications and Presentations

Research by WRAP has shown that households waste around three million tonnes of fruit and vegetables per year, raising concerns about the economic and environmental impacts of food waste. This study has been conducted to quantify the level of loss and waste of fruit and vegetables before they reach consumers, through the retail and wholesale supply chain. Furthermore, the study determined how, where and why the product was wasted.

Eleven fresh produce types were selected based on their consumption, post-harvest physiology and management. The 11 products chosen were strawberries, raspberries, tomatoes, lettuce, apples, onions, potatoes, brassicas, citrus, avocados and bananas; …

Mixed 0-1 Linear Programs Under Objective Uncertainty: A Completely Positive Representation, Karthik Natarajan, Chung-Piaw Teo, Zhichao Zheng

Research Collection Lee Kong Chian School Of Business

In this paper, we analyze mixed 0-1 linear programs under objective uncertainty. The mean vector and the second moment matrix of the nonnegative objective coefficients is assumed to be known, but the exact form of the distribution is unknown. Our main result shows that computing a tight upper bound on the expected value of a mixed 0-1 linear program in maximization form with random objective is a completely positive program. This naturally leads to semidefinite programming relaxations that are solvable in polynomial time but provide weaker bounds. The result can be extended to deal with uncertainty in the moments and …

Valuation Of Risky Projects And Other Illiquid Investments Using Portfolio Selection Models, Janne Gustafsson, Bert De Reyck, Zeger Degraeve, Ahti Salo

Research Collection Lee Kong Chian School Of Business

We develop a portfolio selection framework for the valuation of projects and other illiquid investments for an investor who can invest in a portfolio of private, illiquid investment opportunities as well as in securities in financial markets, but who cannot necessarily replicate project cash flows using financial instruments. We demonstrate how project values can be solved using an inverse optimization procedure and prove several general analytical properties for project values. We also provide an illustrative example on the modeling and pricing of multiperiod projects that are characterized by managerial flexibility.

Food Safety And Cage Egg Production

Agribusiness Reports

States have begun legislating against cage egg production and dozens of major U.S. food retailers, restaurant chains, and foodservice providers—as well as hundreds of U.S. universities—are switching to cage-free eggs. Extensive scientific evidence strongly suggests this trend will improve food safety. All sixteen scientific studies published in the last five years comparing Salmonella contamination between caged and cage-free operations found that those confining hens in cages had higher rates of Salmonella, the leading cause of food poisoning related death in the United States. This has led prominent consumer advocacy organizations, such as the Center for Food Safety, to oppose the …

Technical Appendix To "Stochastic Capacity Investment And Flexible Vs. Dedicated Technology Choice In Imperfect Capital Markets", Onur Boyabatli

Research Collection Lee Kong Chian School Of Business

Technical appendix with proofs for the technical statements in the article: Stochastic capacity investment and flexible vs. dedicated technology choice in imperfect capital markets. (2011). Management Science, 57 (12), 2163 - 2179. https://doi.org/10.1287/mnsc.1110.1395