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Articles 1 - 30 of 479
Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering
Understanding The Impact Of Trade Policy Effect Uncertainty On Firm-Level Innovation Investment: A Deep Learning Approach, Daniel Chang, Nan Hu, Peng Liang, Morgan Swink
Understanding The Impact Of Trade Policy Effect Uncertainty On Firm-Level Innovation Investment: A Deep Learning Approach, Daniel Chang, Nan Hu, Peng Liang, Morgan Swink
Research Collection School Of Computing and Information Systems
Integrating the real options perspective and resource dependence theory, this study examines how firms adjust their innovation investments to trade policy effect uncertainty (TPEU), a less studied type of firm specific, perceived environmental uncertainty in which managers have difficulty predicting how potential policy changes will affect business operations. To develop a text-based, context-dependent, time-varying measure of firm-level perceived TPEU, we apply Bidirectional Encoder Representations from Transformers (BERT), a state-of-the-art deep learning approach. We apply BERT to analyze the texts of mandatory Management Discussion and Analysis (MD&A) sections of annual reports for a sample of 22,669 firm-year observations from 3,181 unique …
Lean Six Sigma Body Of Knowledge For Healthcare Industry Administrators: Implementation Of Lessons Learned In Applied Engineering, Mohammed Ali
Technology Faculty Publications and Presentations
The purpose of this paper is to propose a Lean Six Sigma (LSS) course curriculum for healthcare administration and management majors. It identifies the relevant opportunities and challenges for the application of LSS within the healthcare industry. The paper also discusses the cultural changes necessary to provide an appropriate climate for its long-term success. This work contains a comprehensive description of the body of knowledge in LSS, which were successful in applied engineering. Additionally, the paper describes how LSS may be applied in the hospital setting to improve processes in patient-care services. Upon successful completion of the course, the healthcare …
Lean Manufacturing Approach To Increase Packaging Efficiency, Lina Gozali, Irsandy Kurniawan, Aldo Salim, Iveline Anne Marie, Benny Tjahjono, Yun Chia Liang, Aldy Gunawan, Nnovia Hardjo Sie, Yuliani Suseno
Lean Manufacturing Approach To Increase Packaging Efficiency, Lina Gozali, Irsandy Kurniawan, Aldo Salim, Iveline Anne Marie, Benny Tjahjono, Yun Chia Liang, Aldy Gunawan, Nnovia Hardjo Sie, Yuliani Suseno
Research Collection School Of Computing and Information Systems
The company upon which this paper is based engages in flexible packaging production, especially pharmaceutical products with guaranteed quality, trusted by consumers. Its production process includes printing, laminating, and assembling processes. Production activities are done manually and automatically using machines, so various types of waste are often found in these processes, making the level of plant efficiency nonoptimal. This study aims to identify wastes occurring in the production process, especially the production of pollycelonium with three colour variants as the highest demand product, by applying lean manufacturing concepts. The Current Value Stream Mapping (CVSM) used to map the production process …
Inventory-Responsive Donor-Management Policy: A Tandem Queueing Network Model, Taozeng Zhu, Nicholas Teck Boon Yeo, Sarah Yini Gao, Gar Goei Loke
Inventory-Responsive Donor-Management Policy: A Tandem Queueing Network Model, Taozeng Zhu, Nicholas Teck Boon Yeo, Sarah Yini Gao, Gar Goei Loke
Research Collection Lee Kong Chian School Of Business
Problem definition: In the blood-donor-management problem, the blood bank incentivizes donors to donate, given blood inventory levels. We propose a model to optimize such incentivization schemes under the context of random demand, blood perishability, observation period between donations, and variability in donor arrivals and dropouts. Methodology/results: We propose an optimization model that simultaneously accounts for the dynamics in the blood inventory and the donor’s donation process, as a coupled queueing network. We adopt the Pipeline Queue paradigm, which leads us to a tractable convex reformulation. The coupled setting requires new methodologies to be developed upon the existing Pipeline Queue framework. …
An Exponential Cone Programming Approach For Managing Electric Vehicle Charging, Li Chen, Long He, Yangfang (Helen) Zhou
An Exponential Cone Programming Approach For Managing Electric Vehicle Charging, Li Chen, Long He, Yangfang (Helen) Zhou
Research Collection Lee Kong Chian School Of Business
To support the rapid growth in global electric vehicle adoption, public charging of electric vehicles is crucial. We study the problem of an electric vehicle charging service provider, which faces (1) stochastic arrival of customers with distinctive arrival and departure times, and energy requirements as well as (2) a total electricity cost including demand charges, costs related to the highest per-period electricity used in a finite horizon. We formulate its problem of scheduling vehicle charging to minimize the expected total cost as a stochastic program (SP). As this SP is large-scale, we solve it using exponential cone program (ECP) approximations. …
Creating Portfolio Management Concepts For Highly Agile And Innovative Government Research Programs Using Design Thinking And Learn Start Up Methodologies, Vanessa Aubuchon, Resit Unal, Pilar Pazos, Holly Handley, Cindy Daniels
Creating Portfolio Management Concepts For Highly Agile And Innovative Government Research Programs Using Design Thinking And Learn Start Up Methodologies, Vanessa Aubuchon, Resit Unal, Pilar Pazos, Holly Handley, Cindy Daniels
Engineering Management & Systems Engineering Faculty Publications
Managing a research and development (R&D) portfolio presents numerous challenges, such as prioritizing research areas, remaining agile, strategic workforce planning, and measuring return on investment, impact, and innovation. One government R&D program is charged with producing a high degree of innovative, transformational breakthroughs in aviation technology. A practical, structured methodology for strategically prioritizing emerging aviation R&D in such an environment is lacking. The existing multi-criteria decision aid tools are primarily utilized at an enterprise level, take months to set up and collect data, require large teams of experts, are used on an infrequent basis, and are not conducive to a …
Component Maintenance Strategies And Risk Analysis For Random Shock Effects Considering Maintenance Costs, Chao Zhang, Yadong Zhang, Hongyan Dui, Shaoping Wang, Mileta Tomovic
Component Maintenance Strategies And Risk Analysis For Random Shock Effects Considering Maintenance Costs, Chao Zhang, Yadong Zhang, Hongyan Dui, Shaoping Wang, Mileta Tomovic
Engineering Technology Faculty Publications
Maintenance can improve a system’s reliability in a long operation period or when a component has failed. The reliability modeling method that uses the stochastic process degradation model to describe the system degradation process has been widely used. However, the existing reliability models established using stochastic processes only consider the internal degradation process, and do not fully consider the impact of external random shocks on their reliability modeling. Furthermore, the existing theory of importance does not consider the actual factors of maintenance cost. In this paper, based on the reliability modeling of random processes, the degradation rate under the influence …
The Future Of Enterprise Information Systems, Ali Sunyaev, Tobias Dehling, Susanne Strahringer, Li Da Xu, Martin Heinig, Michael Perscheid, Rainer Alt, Matti Rossi
The Future Of Enterprise Information Systems, Ali Sunyaev, Tobias Dehling, Susanne Strahringer, Li Da Xu, Martin Heinig, Michael Perscheid, Rainer Alt, Matti Rossi
Information Technology & Decision Sciences Faculty Publications
[First paragraph] Enterprise information systems (EIS) have been important enablers of crossfunctional processes within businesses since the 1990s. Often referred to as enterprise resource planning (ERP) systems, they were extended in line with electronic businesses to integrate with suppliers as well as customers. Today, EIS architectures comprise not only ERP, supply chain, and customer relationship management systems, but also business intelligence and analytics. Recently, the move towards decentralized technologies has created new perspectives for EIS. Information systems (IS) research has already addressed opportunities and challenges of these developments quite well, but what will be the pressing opportunities and challenges for …
Choice-Based Crowdshipping: A Dynamic Task Display Problem, Alp Arslan, Firat Kilci, Shih-Fen Cheng, Archan Misra
Choice-Based Crowdshipping: A Dynamic Task Display Problem, Alp Arslan, Firat Kilci, Shih-Fen Cheng, Archan Misra
Research Collection School Of Computing and Information Systems
This paper studies the integration of the crowd workforce into a generic last-mile delivery setting in which a set of known delivery requests should be fulfilled at a minimum cost. In this setting, the crowd drivers are able to choose to perform a parcel delivery among the available and displayed requests. We specifically investigate the question: what tasks should be displayed to an individual driver, so as to minimize the overall delivery expenses? In contrast to past approaches, where drivers are either (a) given the choice of a single task chosen so as to optimize the platform’s profit, or (b) …
Smart Manufacturing—Theories, Methods, And Applications, Zhuming Bi, Lida Xu, Puren Ouyang
Smart Manufacturing—Theories, Methods, And Applications, Zhuming Bi, Lida Xu, Puren Ouyang
Information Technology & Decision Sciences Faculty Publications
(First paragraph) Smart manufacturing (SM) distinguishes itself from other system paradigms by introducing ‘smartness’ as a measure to a manufacturing system; however, researchers in different domains have different expectations of system smartness from their own perspectives. In this Special Issue (SI), SM refers to a system paradigm where digital technologies are deployed to enhance system smartness by (1) empowering physical resources in production, (2) utilizing virtual and dynamic assets over the internet to expand system capabilities, (3) supporting data-driven decision making at all domains and levels of businesses, or (4) reconfiguring systems to adapt changes and uncertainties in dynamic environments. …
Joint Chance-Constrained Staffing Optimization In Multi-Skill Call Centers, Tien Thanh Dam, Thuy Anh Ta, Tien Mai
Joint Chance-Constrained Staffing Optimization In Multi-Skill Call Centers, Tien Thanh Dam, Thuy Anh Ta, Tien Mai
Research Collection School Of Computing and Information Systems
This paper concerns the staffing optimization problem in multi-skill call centers. The objective is to find a minimal cost staffing solution while meeting a target level for the quality of service (QoS) to customers. We consider a staffing problem in which joint chance constraints are imposed on the QoS of the day. Our joint chance-constrained formulation is more rational capturing the correlation between different call types, as compared to separate chance-constrained versions considered in previous studies. We show that, in general, the probability functions in the joint-chance constraints display S-shaped curves, and the optimal solutions should belong to the concave …
Smart Supply Chain Management In Industry 4.0, Guoqing Zhang, Yiqin Yang, Guoqing Yang
Smart Supply Chain Management In Industry 4.0, Guoqing Zhang, Yiqin Yang, Guoqing Yang
Industrial and Manufacturing Systems Engineering Publications
The emerging information and communication technologies (ICT) related to Industry 4.0 play a critical role to enhance supply chain performance. Employing the smart technologies has led to so-called smart supply chains. Understanding how Industry 4.0 and related ICT affect smart supply chains and how smart supply chains evolve with the support of the advanced technologies are vital to practical and academic communities. Existing review works on smart supply chains with ICT mainly rely on the academic literature alone. This paper presents an integrated approach to explore the effects of Industry 4.0 and related ICT on smart supply chains, by combining …
Society Dilemma Of Computer Technology Management In Today's World, Iwasan D. Kejawa Ed.D
Society Dilemma Of Computer Technology Management In Today's World, Iwasan D. Kejawa Ed.D
School of Computing: Faculty Publications
Abstract - Is it true that some of the inhabitants of the world’s today are still hesitant in using computers? Research has shown that today many people are still against the use of computers. Computer technology management can be said to be obliterated by security problems. Research shows that some people in society feel reluctant or afraid to use computers because of errors and exposure of their privacy and their sophistication, which sometimes are caused by computer hackers and malfunction of the computers. The dilemma of not utilizing computer technology at all or, to its utmost, by certain people in …
The Music Bluetooth Controller: An Intersection Between Technology And Music, Lydia Wu
The Music Bluetooth Controller: An Intersection Between Technology And Music, Lydia Wu
Senior Honors Theses
The modern musician faces a new challenge: how can technology be used to enhance a performance? This thesis documents the development of a Bluetooth remote controller that will aid today’s performing musicians by interacting with a digital display (e.g., an iPad) to flip musical score pages remotely. At its core, while mimicking a Bluetooth pedal (the current industry standard), this device attaches to the musician’s hand. In its pilot stages, the device has been referred to “MBC” (Music Bluetooth Controller).
Challenges Of The Industrial Revolution Era 1.0 To 5.0 : University Digital Library In Indoensia, Merlin Apriliyanti, Ilham M
Challenges Of The Industrial Revolution Era 1.0 To 5.0 : University Digital Library In Indoensia, Merlin Apriliyanti, Ilham M
Library Philosophy and Practice (e-journal)
This study explains the development of the world of libraries to establish a very close relationship with the world of information technology. For this reason, facilities and infrastructure are needed to facilitate data and information retrieval quickly and accurately. Facing the challenges of the Industrial Revolution 5.0 era by utilizing information technology, libraries must also adapt to the times. Because the library has an important role, among others, as a source of information and the development of knowledge. Used libraries are still conventional to be converted into digital libraries. In essence, this development represents the desire of library users for …
Stochastic Knapsack Revisited: The Service Level Perspective, Guodong Lyu, Mabel C. Chou, Chung-Piaw Teo, Zhichao Zheng, Yuanguang Zhong
Stochastic Knapsack Revisited: The Service Level Perspective, Guodong Lyu, Mabel C. Chou, Chung-Piaw Teo, Zhichao Zheng, Yuanguang Zhong
Research Collection Lee Kong Chian School Of Business
A key challenge in the resource allocation problem is to find near-optimal policies to serve different customers with random demands/revenues, using a fixed pool of capacity (properly configured). In this paper, we study the properties of three classes of allocation policies-responsive (with perfect hindsight), adaptive (with information updates), and anticipative (with forecast information) policies. These policies differ in how the information on actual demand and revenue of each customer is being revealed and integrated into the allocation decisions. We show that the analysis of these policies can be unified through the notion of "persistency" (or service level) values-the probability that …
Coordinated Delivery To Shopping Malls With Limited Docking Capacity, Ruidian Song, Hoong Chuin Lau, Xue Luo, Lei Zhao
Coordinated Delivery To Shopping Malls With Limited Docking Capacity, Ruidian Song, Hoong Chuin Lau, Xue Luo, Lei Zhao
Research Collection School Of Computing and Information Systems
Shopping malls are densely located in major cities such as Singapore and Hong Kong. Tenants in these shopping malls generate a large number of freight orders to their contracted logistics service providers, who independently plan their own delivery schedules. These uncoordinated deliveries and limited docking capacity jointly cause congestion at the shopping malls. A delivery coordination platform centrally plans the vehicle routes for the logistics service providers and simultaneously schedules the dock time slots at the shopping malls for the delivery orders. Vehicle routing and dock scheduling decisions need to be made jointly against the backdrop of travel time and …
System And Risk Analysis Of Cloud Manufacturing System, Trupti Narayan Rane
System And Risk Analysis Of Cloud Manufacturing System, Trupti Narayan Rane
Engineering Management & Systems Engineering Faculty Publications
The Cloud manufacturing(C-Mfg) system involves remote distributed manufacturing resources and capabilities collaborating as a single virtual entity. The system receives orders for custom products and provides manufacturing as a service to the end customers. The primary activities of the system, among others, are transaction control, resource allocation and monitoring, distributed manufacturing, quality control, and delivery of consignments to the customers. The actual manufacturing is done by a network of third-party partner manufacturers providing the services to end customers, helping them with cost reduction, shorter time-to-market, and enabling efficient collaboration between manufacturers in the CMfg network. This paper aims to deep …
Optimization Model For Maintenance Planning Of Loading Equipment In Open Pit Mines, Farshid Javadnejad, Mohammad Reza Sharifi, Mohammad Hossein Basiri, Bakhtiar Ostadi
Optimization Model For Maintenance Planning Of Loading Equipment In Open Pit Mines, Farshid Javadnejad, Mohammad Reza Sharifi, Mohammad Hossein Basiri, Bakhtiar Ostadi
Engineering Management & Systems Engineering Faculty Publications
Maintenance plays a significant role in operating costs in the mining industry. Improving this matter controls maintenance costs and enhances productivity and production effectively. Shovels are one of the most widely used loading machines in non-continuous activities. Thus, evaluating and optimizing their availability is one of the essential solutions to achieving high productivity and cost reduction. This paper presents a mathematical programming model to maximize availability and minimize the total expected costs. We programmed the proposed nonlinear planning model using the Symbiotic Organisms Search (SOS) meta-heuristic algorithm in Matlab software. It determines the optimal maintenance intervals for different parts of …
Blockchain-Based Digital Trust Mechanism: A Use Case Of Cloud Manufacturing Of Lds Syringes For Covid-19 Vaccination, Trupti Rane, Jingwei Huang
Blockchain-Based Digital Trust Mechanism: A Use Case Of Cloud Manufacturing Of Lds Syringes For Covid-19 Vaccination, Trupti Rane, Jingwei Huang
Engineering Management & Systems Engineering Faculty Publications
Trust is essential in the digital world. It is a critical task to build digital trust for the ongoing digital engineering transformation. Aiming at developing a blockchain-based digital trust mechanism for Cloud Manufacturing or Manufacturing-as-a-Service (MaaS), in this paper, we use the manufacturing of low dead space (LDS) medical syringes through Cloud Manufacturing as a motivating scenario to develop a basic framework. To meet the need of optimally saving COVID-19 vaccine doses to save more lives, the medical device manufacturing community needs to make a swift move to meet the surged need for LDS syringes. Cloud Manufacturing is a form …
Exact Algorithms For Practical Instances Of The Railcar Loading Problem At Marine Container Terminals, Manwo Ng, Dung-Ying Lin
Exact Algorithms For Practical Instances Of The Railcar Loading Problem At Marine Container Terminals, Manwo Ng, Dung-Ying Lin
Information Technology & Decision Sciences Faculty Publications
With the growth in global trade and its environmental footprint, sustainable modes of freight movement are increasingly important in today’s globalized world. This study focuses on on-dock rail, where the rail terminal is located within the marine container terminal. On-dock rail has in recent years become an essential mode of transportation to move containers out of congested marine container terminals. This study contributes to the literature by presenting tailored exact solution algorithms for a recently proposed optimization model to optimize the loading of double-stack trains. In particular, a 3-stage solution framework is presented for the case when rail cars have …
A Human Factors Study Of Risk Management Of Complex Agile Scrum Projects In Large Enterprises, Ravi Kalluri
A Human Factors Study Of Risk Management Of Complex Agile Scrum Projects In Large Enterprises, Ravi Kalluri
Engineering Management & Systems Engineering Faculty Publications
Agile Project Management methods have gained phenomenal success in the IT software world in managing projects of high complexity and uncertainty. However, Agile projects come with their unique set of risks. This paper seeks to explore the risks posed by human factors to complex Agile Scrum projects in large enterprises. Project Risk Management is crucial in determining the future performance of a complex project. Increasing project complexity makes it more and more difficult to anticipate potential events that could affect the project and to make effective decisions to reduce project risk exposure. This is even more true for Agile projects …
Launch Editorial, Jindong Qin, Xiaofang Chen, Lida Xu
Launch Editorial, Jindong Qin, Xiaofang Chen, Lida Xu
Information Technology & Decision Sciences Faculty Publications
The digital economy is first and foremost a data economy, and data is the first element of the digital economy. Management System Engineering (MSE) is dedicated to the methodology of System Engineering (SE) and the practice of Management Decision Making. The digital economy is a network economy, and the Internet is the basic carrier of the digital economy. [Extracted from the article]
Managing Stochastic Bucket Brigades On Discrete Work Stations, Peng Wang, Kai Pan, Zhenzhen Yan, Yun Fong Lim
Managing Stochastic Bucket Brigades On Discrete Work Stations, Peng Wang, Kai Pan, Zhenzhen Yan, Yun Fong Lim
Research Collection Lee Kong Chian School Of Business
Bucket brigades are notably used to coordinate workers in production systems. We study a J-station, I-worker bucket brigade system. The time duration for each worker to serve a job at a station is exponentially distributed with a rate that depends on the station's expected work content and the worker's work speed. Our goal is to maximize the system's productivity or to minimize its inter-completion time variability. We analytically derive the throughput and the coefficient of variation (CV) of the inter-completion time. We study the system under two cases. (i) If the work speeds depend only on the workers, the throughput …
The Maritime Domain Awareness Center– A Human-Centered Design Approach, Gary Gomez
The Maritime Domain Awareness Center– A Human-Centered Design Approach, Gary Gomez
Political Science & Geography Faculty Publications
This paper contends that Maritime Domain Awareness Center (MDAC) design should be a holistic approach integrating established knowledge about human factors, decision making, cognitive tasks, complexity science, and human information interaction. The design effort should not be primarily a technology effort that focuses on computer screens, information feeds, display technologies, or user interfaces. The existence of a room with access to vast amounts of information and wall-to-wall video screens of ships, aircraft, weather data, and other regional information does not necessarily correlate to possessing situation awareness. Fundamental principles of human-centered information design should guide MDAC design and technology selection, and …
Evolution Of Publications, Subjects, And Co-Authorships In Network-On-Chip Research From A Complex Network Perspective, Weilong Chen, Xiaohang Wang, Ye Sun, Qiao Hu, Letian Huang, Yingtao Jiang, Amit Kumar Singh, Terrence Mak, Mei Yang
Evolution Of Publications, Subjects, And Co-Authorships In Network-On-Chip Research From A Complex Network Perspective, Weilong Chen, Xiaohang Wang, Ye Sun, Qiao Hu, Letian Huang, Yingtao Jiang, Amit Kumar Singh, Terrence Mak, Mei Yang
College of Engineering Faculty Research
The academia and industry have been pursuing network-on-chip (NoC) related research since two decades ago when there was an urgency to respond to the scaling and technological challenges imposed on intra-chip communication in SoC designs. Like any other research topic, NoC inevitably goes through its life cycle: A. it started up (2000-2007) and quickly gained traction in its own right; B. it then entered the phase of growth and shakeout (2008-2013) with the research outcomes peaked in 2010 and remained high for another four/five years; C. NoC research was considered mature and stable (2014-2020), with signs showing a steady slowdown. …
We Are On The Way: Analysis Of On-Demand Ride-Hailing Systems, Guiyun Feng, Guangwen Kong, Zizhuo Wang
We Are On The Way: Analysis Of On-Demand Ride-Hailing Systems, Guiyun Feng, Guangwen Kong, Zizhuo Wang
Research Collection Lee Kong Chian School Of Business
Problem definition: Recently, there has been a rapid rise of on-demand ride-hailing platforms, such as Uber and Didi, which allow passengers with smartphones to submit trip requests and match them to drivers based on their locations and drivers’ availability. This increased demand has raised questions about how such a new matching mechanism will affect the efficiency of the transportation system—in particular, whether it will help reduce passengers’ average waiting time compared with traditional street-hailing systems. Academic/practical relevance: The on-demand ride-hailing problem has gained much academic interest recently. The results we find in the ride-hailing system have a significant …
Prioritizing Facilities Linked To Corporate Strategic Objectives Using A Fuzzy Model, Devin Depalmer, Steven J. Schuldt, Justin D. Delorit
Prioritizing Facilities Linked To Corporate Strategic Objectives Using A Fuzzy Model, Devin Depalmer, Steven J. Schuldt, Justin D. Delorit
Faculty Publications
Excerpt: Limited facilities operating and modernization budgets require organizations to carefully identify, prioritize and authorize projects to ensure allocated resources align with strategic objectives. Traditional facility prioritization methods using risk matrices can be improved to increase granularity in categorization and avoid mathematical error or human cognitive biases. These limitations restrict the utility of prioritizations and if erroneously used to select projects for funding, they can lead to wasted resources. This paper aims to propose a novel facility prioritization methodology that corrects these assessment design and implementation issues.
Multi-Period Lot-Sizing With Supplier Selection: Structural Results, Complexity And Algorithms, Meichun Lin, Woonghee Tim Huh, Guohua Wan
Multi-Period Lot-Sizing With Supplier Selection: Structural Results, Complexity And Algorithms, Meichun Lin, Woonghee Tim Huh, Guohua Wan
Research Collection Lee Kong Chian School Of Business
We consider a multi-period lot-sizing problem with multiple products and multiple suppliers. Demand is deterministic and time-varying. The objective is to determine order quantities to minimize the total cost over a finite planning horizon. This problem is strongly NP-hard. For a special case, we extend the classical zero-inventory-ordering principle and solve it by dynamic programming. Based on this new extension, we also develop a heuristic algorithm for the general problem and computationally show that it works well.
Integration Of Blockchain Technology Into Supply Network For Resilient And Efficient Acquisition [Video], Adrian Gheorghe, Farinaz Sabz Ali Pour, Unal Tatar, Omer Faruk Keskin, Cornel Vintila, Laura Manciu
Integration Of Blockchain Technology Into Supply Network For Resilient And Efficient Acquisition [Video], Adrian Gheorghe, Farinaz Sabz Ali Pour, Unal Tatar, Omer Faruk Keskin, Cornel Vintila, Laura Manciu
Engineering Management & Systems Engineering Faculty Publications
In the modern acquisition, it is unrealistic to consider single entities as producing and delivering a product independently. Acquisitions usually take place through supply networks. Resiliency, efficiency, and effectiveness of supply networks directly contribute to the acquisition system's resiliency, efficiency, and effectiveness. All the involved firms form a part of a supply network essential to producing the product or service. The decision-makers have to look for new methodologies for supply chain management. Blockchain technology introduces new methods of decentralization and delegation of services, which can transform supply chains and result in a more resilient, efficient, and effective supply chain. This …