Operations and Supply Chain Management Commons^™

A Nonparametric Method For Pricing And Hedging American Options, Guiyun Feng, Guangwu Liu, Lihua Sun

Research Collection Lee Kong Chian School Of Business

In this paper, we study the problem of estimating the price of an American option and its price sensitivities via Monte Carlo simulation. Compared to estimating the option price which satisfies a backward recursion, estimating the price sensitivities is more challenging. With the readily-computable pathwise derivatives in a simulation run, we derive a backward recursion for the price sensitivities. We then propose nonparametric estimators, the k-nearest neighbor estimators, to estimate conditional expectations involved in the backward recursion, leading to estimates of the option price and its sensitivities in the same simulation run. Numerical experiments indicate that the proposed method works …

Practical Handling Skills During Road Transport Of Fattening Pigs From Farm To Slaughterhouse: A Brief Review, Bert Driessen, Ester Peeters, Jos Van Thielen, Sanne Van Beirendonck

Transport of Farm Animals Collection

The transport of fattening pigs is characterized by a strong human-animal interaction. Consequent handling is important because of animal welfare, meat quality and matching economic consequences. During road transport, human impact can be divided in different steps: 1) driving pigs from the pens via an alley to the trailer, 2) loading, 3) actual transport, 4) unloading to the lairage, and 5) the final phase driving pigs to the stunning. An inadequate design and a poor condition of the facilities will negatively affect the ease of handling pigs. Because of the consequences, acute stress during transport and slaughter should be minimized …

The Welfare Of Animals In The Chicken Industry

Agribusiness Reports

More than 8.5 billion chickens are slaughtered for meat production in the United States every year. Raised in industrial production systems, these animals experience crowded indoor confinement, unnatural lighting regimes, poor air quality, stressful handling and transportation, and inadequate stunning and slaughter procedures. Because they are selectively bred for rapid growth, broiler chickens are prone to a variety of severe skeletal and metabolic disorders that can cause suffering, pain, and even death. Broiler breeders, the parent birds of chickens raised for meat, are subjected to severe feed restriction, and males may undergo painful toe and beak amputations, performed without pain …

Isscm Graduating Cohort, December 2013, Raj Soin College Of Business, Wright State University

ISSCM Master Cohort Posters

Poster congratulating the December 2013 Graduating Cohort from the Master of Science in Logistics and Supply Chain Management Program.

Social Media For Supply Chain Risk Management, Xiuju Fu, Rick S. M. Goh, J. C. Tong, Loganathan Ponnanbalam, Xiaofeng Yin, Zhaoxia Wang, H. Y. Xu, Sifei Lu

Research Collection School Of Computing and Information Systems

With the rapid increase of online social network users worldwide, social media feeds have become a rich and valuable information resource and attract great attention across diversified domains. In social media data, there are abundant contents of two-way and interactive communication about products, demand, customer services and supply. This makes social media a valuable channel for listening to the voices from the market and measuring supply chain risks and new market trends for companies. In this study, we surveyed the potential value of social media in supply chain risk management (SCRM) and examined how they can be applied to SCRM …

Decision Trees To Model The Impact Of Disruption And Recovery In Supply Chain Networks, Loganathan Ponnanbalam, L. Wenbin, Xiuju Fu, Xiaofeng Yin, Zhaoxia Wang, Rick S. M. Goh

Research Collection School Of Computing and Information Systems

Increase in the frequency of disruptions in the recent times and their impact have increased the attention in supply chain disruption management research. The objective of this paper is to understand as to how a disruption might affect the supply chain network - depending upon the network structure, the node that is disrupted, the disruption in production capacity of the disrupted node and the period of the disruption - via decision trees. To this end, we first developed a 5-tier agent-based supply chain model and then simulated it for various what-if disruptive scenarios for 3 different network structures (80 trials …

Development Of Genetic Algorithm-Based Stochastic Model To Study And Optimize Single-Echelon Vs Multi-Echelon Inventory Systems, Nadeera Ekanayake

Morehead State Theses and Dissertations

A Thesis Presented to the Faculty of the College of Science and Technology Morehead State University in Partial Fulfillment of the requirements for the Degree Master of Science by Nadeera Ekanayake on November 18, 2013.

Tls Newsletter Volume 7, Edition 10. November, 2013, Unf Transportation And Logistics Society

Transportation & Logistics Society Newsletter

Inside the Newsletter: TLS Meeting, Wednesday November 13. TLS President's Corner. Upcoming Events. Expanding Your Network with Professional Organizations. Get to Know TLS Secretary Lindsey Zuccala. TLS on Tour: Seaonus--Cargo in Motion. Life After Graduation with Rachel Cecil.

Resolving The Service Recovery Paradox, Ryan Jeffrey Walker, Dr. Kristie Seawright

Journal of Undergraduate Research

Unlike manufacturing, zero defects are impossible to achieve in service management due to varying expectations of interpersonal communication and/or customer contact. Recognizing that service failures will occur, effective service managers design recovery elements into their service delivery system. Service recovery is the set of activities designed to recover customer loyalty after they have suffered a service failure.

Impact Of Radio-Frequency Identification (Rfid) Technologies On The Hospital Supply Chain: A Literature Review, Alberto Coustasse, Shane Tomblin, Chelsea Slack

Management Faculty Research

Supply costs account for more than one-third of the average operating budget and constitute the second largest expenditure in hospitals. As hospitals have sought to reduce these costs, radio-frequency identification (RFID) technology has emerged as a solution. This study reviews existing literature to gauge the recent and potential impact and direction of the implementation of RFID in the hospital supply chain to determine current benefits and barriers of adoption. Findings show that the application of RFID to medical equipment and supplies tracking has resulted in efficiency increases in hospitals with lower costs and increased service quality. RFID technology can reduce …

Tls Newsletter Volume 7, Edition 9. October, 2013, Unf Transportation And Logistics Society

Transportation & Logistics Society Newsletter

Inside the Newsletter: TLS Meeting October 16. TLS President's Corner. Upcoming Events. Hard and Soft Skills for a Successful Career. UNF T & L Students Attend National Events. Get to know TLS Vice President Benjamin Freedman. TLS on Tour--COACH Distribution Center. Life After Graduation with Chris Elliott

What Role Does Government Procurement Play In Manufacturing In The Uk And Internationally And How Might This Change In The Future, Barbara Morton, Gregg Paget, Carlos Mena

Business Faculty Publications and Presentations

This report, commissioned by the Government Office for Science, has the general aim of reviewing the available evidence concerning the impact and role of public sector procurement on UK manufacturing. Specifically the report addresses the following questions:

1. What is the current framework for Government procurement in the UK?
2. How does Government procurement directly and indirectly impact on manufacturing activities?
3. How do UK procurement frameworks compare to other competitor nation procurement in terms of supporting manufacturing?
4. In what ways could co-ordinated procurement (procurement that meets multiple Government departmental goals) catalyse and support UK Manufacturing?

Previous research has shown that public procurement …

The Principles Of The Dry Bulk Ffa Market, Ron Wilson

Research Collection Lee Kong Chian School Of Business

No abstract provided.

Entrepreneurship In The Informal Economy: A Case Study In Vietnam, Quan Mai, Dr. Kristie Seawright

Journal of Undergraduate Research

In the global economy, there are dynamic forces that frame the business environment. In both developed and developing countries, one of these forces is the growing number of entrepreneurs whose internal motivation drives them to seek for new opportunities to overcome their current economic situations. While entrepreneurs in the formal economy often have support from government stability, financial institutions and special interest groups, entrepreneurs in the informal economy often experience difficulty in initiating their ventures. However, there are a growing number of successful entrepreneurs in the informal economy. What matters more is the fact that those successful entrepreneurs have been …

Tls Newsletter Volume 7, Edition 8 September, 2013, Unf Transportation And Logistics Society

Transportation & Logistics Society Newsletter

Inside the Newsletter: TLS Kick-Off Meeting. Upcoming Events. TLS President's Corner. Are You Feeling Lucky? T & L Career Day: Are you Prepared? Get to Know TLS Newsletter Editor Lacey Greene. TLS on Tour: Beaver Street Fisheries. Life After Graduation with Matthew Alexander

On The Allocation Of Exclusive-Use Counters For Airport Check-In Queues: Static Vs. Dynamic Policies, Mahmut Parlar, Brian Rodrigues, Sharafali Moosa

Research Collection Lee Kong Chian School Of Business

In this paper we propose a static policy for the optimal allocation of a fixed number of exclusive-use check-in counters dedicated to a single flight. We first provide the motivation for considering the static policy by showing that the dynamic policy already available in the literature suffers from the curse of dimensionality. The objective is to minimize the (expected) total cost of waiting, counter operation, and passenger delay costs which we show to be convex in the number of counters allocated. In those cases where the passenger delay cost is difficult to estimate, we propose an alternative formulation and minimize …

Corporate Myths: Sourcing And Vendor Management In Asia Pacific, Patrick Thng

Research Collection School Of Computing and Information Systems

There exists many mistaken beliefs about Sourcing and Vendor Management. Consequently the function is often mismanaged resulting in errors and frauds. Equipping the function with the needed skills and knowledge is critical for competent management of this key function which every organisation has to have.

Study On Officer Supply In Mainland China, Yali Cao

Maritime Safety & Environment Management Dissertations (Dalian)

No abstract provided.

Anticipating, Preventing, And Surviving Secondary Boycotts, Judith Schrempf-Stirling, Douglas A. Bosse, Jeffrey S. Harrison

Management Faculty Publications

Even the best stakeholder-managed firms can suffer when they become the targets of a secondary boycott, as recent headlines attest. A secondary boycott is a group’s refusal to engage a target firm with which the group has no direct dispute in an attempt to sway public opinion, draw attention to an issue, or influence the actions of a disputant. This article provides a new perspective and tools for both scholars and managers concerned with this phenomenon. Building on a stakeholder theory foundation, we examine possible actions managers can take to avoid being surprised by a secondary boycott, propose conditions that …

Isscm Graduating Cohort, August 2013, Raj Soin College Of Business, Wright State University

ISSCM Master Cohort Posters

Poster congratulating the August 2013 Graduating Cohort from the Master of Information Systems and the Master of Science in Logistics and Supply Chain Management Programs.

Riskvis: Supply Chain Visualization With Risk Management And Real-Time Monitoring, Rick S. M. Goh, Zhaoxia Wang, Xiaofeng Yin, Xiuju Fu, Loganathan Ponnanbalam, Sifei Lu, Xiaorong Li

Research Collection School Of Computing and Information Systems

With increased complexity, supply chain networks (SCNs) of modern era face higher risks and lower efficiency due to limited visibility. Hence, there is an immediate need to provide end-to-end supply chain visibility for efficient management of complex supply chains. This paper proposes a visualization scheme based on multi-hierarchical modular design and develops a supply chain visualization platform with risk management and real-time monitoring, named RiskVis, for realizing better Supply Chain Risk Management (SCRM). A Supply Chain Visualizer (SCV) with a graphical visualization platform is mounted as a part of a SCRM management decision-making dashboard and it provides senior management a …

Challenges In Implementation Of Ict For The Budget Accountability And Development Of Budget Information Literacy, Rutiana Dwi Wahyunengseh, Sri Hastjarjo

BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi

In the case of Karanganyar Regency, this study identify that al­though the public aspire to have an adequate understanding about the APBD, the access for obtaining the information is very limited. Data collection methods used in this research were: (1) documents study on the Local Government Development Plan (RKPD) and the Regional Budget (APBD); (2) semi open-ended questionnaires; (3) in-depth interviews; and (4) focus group discussions. The data then analyzed using descriptive analysis and interpretive analysis methods. This paper recognizes the potency of ICT in developing the forum for public access and deliberation related to the budget information; while also …

On Properties Of Discrete (R,Q) And (S,T) Inventory Systems, Marcus Ang, Jing-Sheng Song, Mingzheng Wang, Hanqin Zhang

Research Collection Lee Kong Chian School Of Business

We consider single-item (r, q) and (s, T) inventory systems with integer-valued demand processes. While most of the inventory literature studies continuous approximations of these models and establishes joint convexity properties of the policy parameters in the continuous space, we show that these properties no longer hold in the discrete space, in the sense of linear interpolation extension and L♮-convexity. This nonconvexity can lead to failure of optimization techniques based on local optimality to obtain the optimal inventory policies. It can also make certain comparative properties established previously using continuous variables invalid. We revise these properties in the discrete space.

Plant Networks For Processing Recyclable Materials, Lieven Demeester, Mei Qi, Luk N. Van Wassenhove

Research Collection Lee Kong Chian School Of Business

We use a modified optimal market area model to examine how links between material recycling and other aspects of operations strategy can shape plant networks for the processing of recyclable materials. We characterize the complementarity of the recyclate ratio, defined as the maximum recycled content, with material versatility and miniscaling of recycling plants. We also observe that it is beneficial to coordinate investments in recycling- and production-related competencies because colocated recycling and production plants (minimills) eliminate recyclate transport. We therefore consider versatile miniplants, defined as a competency that factors in both material versatility and coordinated miniscaling of recycling and production …

Data Science In Supply Chain Management: Data-Related Influences On Demand Planning, Yao Jin

Graduate Theses and Dissertations

Data-driven decisions have become an important aspect of supply chain management. Demand planners are tasked with analyzing volumes of data that are being collected at a torrential pace from myriad sources in order to translate them into actionable business intelligence. In particular, demand volatilities and planning are vital for effective and efficient decisions. Yet, the accuracy of these metrics is dependent on the proper specification and parameterization of models and measurements. Thus, demand planners need to step away from a "black box" approach to supply chain data science. Utilizing paired weekly point-of-sale (POS) and order data collected at retail distribution …

Design Of The Management System Of Port In China Based On The Internet Of Things Technology, Chongwen Li

World Maritime University Dissertations

No abstract provided.

The Research On New Logistics Integration, Dongzhe Zhang

World Maritime University Dissertations

No abstract provided.

Study On How The Third Party Logistics Of Warehousing System To Serve The Medium Size C2c Merchants, Shu Wang

World Maritime University Dissertations

No abstract provided.

The Market Analysis And Fleet Deployment In Asian Area Of Coscon, Yiran Zhang

World Maritime University Dissertations

No abstract provided.

An Investment Appraisal Of Ocean Engineering Projects - The Case Of Diving Support Vessel, Xiaoyuan Yu

World Maritime University Dissertations

No abstract provided.