Decision Support for Optimal Adaptation of Product and Supply Chain Systems based on Real Options Theory
dc.contributor.author | Park, Chong Hyun | en_US |
dc.contributor.author | Patil, Lalit | en_US |
dc.contributor.author | Saitou, Kazuhiro | en_US |
dc.contributor.author | Romeijn, H. Edwin | en_US |
dc.date.accessioned | 2011-11-14T16:31:01Z | |
dc.date.available | 2011-11-14T16:31:01Z | |
dc.date.issued | 2009-08-22 | en_US |
dc.identifier.citation | Park, C.-H.; Patil, L.; Saitou, K.; Romeijn, H. E. (2009). Decision Support for Optimal Adaptation of Product and Supply Chain Systems based on Real Options Theory." Proceedings of IEEE Conference on Automation Science and Engineering: <http://hdl.handle.net/2027.42/87256> | en_US |
dc.identifier.isbn | 978-1-4244-4578-3 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/87256 | |
dc.description.abstract | In order to remain profitable in the highly competitive global market, a manufacturing enterprise is expected to proactively adapt itself in anticipation of unplanned, but foreseeable high impact events. This paper presents a decision model for optimal adaptation of product and supply chain systems subject to sudden, severe changes in the operating environment. Extending our previous work, decision-tree based framework is developed for optimally choosing design-supplier alternatives in multi-product, multi-echelon product and supply chain systems based on the real options theory. A case study on a two-component, two-echelon supply chain is presented which highlights unique characteristics of product quality as compared to cost and time. | en_US |
dc.publisher | IEEE | en_US |
dc.title | Decision Support for Optimal Adaptation of Product and Supply Chain Systems based on Real Options Theory | en_US |
dc.type | Article | en_US |
dc.subject.hlbsecondlevel | Mechanical Engineering | en_US |
dc.subject.hlbtoplevel | Engineering | en_US |
dc.description.peerreviewed | Peer Reviewed | en_US |
dc.contributor.affiliationum | The Industrial and Operations Engineering Department | en_US |
dc.contributor.affiliationum | Department of Mechanical Engineering | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/87256/4/Saitou57.pdf | |
dc.identifier.doi | 10.1109/COASE.2009.5234119 | en_US |
dc.identifier.source | Proceedings of IEEE Conference on Automation Science and Engineering | en_US |
dc.owningcollname | Mechanical Engineering, Department of |
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