Application of Supply Chain Risk Management through visualization and value-at-risk quantification

Supply Chain Risk Management ("SCRM") is often discussed in business and academia but is still underdeveloped as a practical tool. Many studies have examined the effects of supply chain disruptions, and many studies have also produced tools for mitigating risk. However, there is still a need for an integrated, practical approach for SCRM that businesses can implement on an enterprise scale. Our thesis attempts to bridge this gap and produce a practical approach for corporations to deploy a SCRM strategy on an enterprise level. Through the use of supply chain visualization and catastrophe modeling software, we have developed a SCRM strategy for a large multi-national chemical company. Our SCRM framework focuses on four key steps: 1) defining the scope of supply chain disruptions; 2) mapping and visualizing the supply chain; 3) evaluating the probability of disruption; and 4) developing a strategy to create an economically resilient supply chain.

Department dc:contributor.department

Massachusetts Institute of Technology. Engineering Systems Division.

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2014

Authors dc:creator

• Xia, Diwei
• Lu, Kaiye

Advisor dc:contributor.advisor

• Bruce C. Arntzen.

• Engineering Systems Division.

Statement dc:rights

• M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/1721.1/92116

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/92116