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Supply Chain Risk Management is an issue that many companies
face and yet few companies know how to deal with it in a systematic
and pragmatic manner. While avoiding and reducing supply chain
risks are certainly preferable, developing ways to restore and
stabilize supply chain operations rapidly after a major disruption
is critical for managing global supply chains. Sodhi and Tang
present important concepts, frameworks, strategies, and analyses
that are essential for managing supply chain risks. Not only does
this book suggest some practical ways to work with different
partners to manage the risks that are present in a global supply
chain, it creates a framework that would enable practitioners to
engage researchers to work on this important area.
"Thomas A. Debrowski, Executive Vice President, Worldwide
Operations, Mattel, Inc.
""
" When a firm outsources its operations to external suppliers, the
firm is vulnerable to major and rare disruptions that can occur at
any link in the global supply chain. Because these disruptions
rarely occur, few firms take commensurable actions to identify,
assess, mitigate and respond to various types of supply chain
risks. By introducing frameworks and concepts along with several
case studies and a review of academic literature, Sodhi and Tang
treat this important subject with practical relevance and academic
rigor. This book will bring practitioners and researchers to
develop effective and efficient ways to manage supply chain
risks.
"Marshall L. Fisher, UPS Professor, Professor of Operations and
Information Management and Co-Director of Fishman-Davidson Center
for Service and Operations Management, The Wharton School,
University of Pennsylvania
" This book ties observations in practice to methodologies and
research. The rich case examples motivated the approaches and
methodologies used to mitigate risks, and in the course of doing
so, Sodhi and Tang provided insights on existing and new research
opportunities. As a result, this book is highly relevant to both
practitioners and academics. Also, the book is also written with
management lessons on how risks can be mitigated, and how risks can
be contained once disruptions have occurred. As such, it is also a
book for management to gain insights and to develop management
skills.
"Hau L. Lee, Thoma Professor of Operations, Information and
Technology and Director of the Stanford Global Supply Chain
Management Forum, Graduate School of Business, Stanford
University
" As companies have extended their supply chains globally and as
the face increasing resource issues, they face a number of new risk
challenges. While there are various case studies written about
supply chain risks, this book gives a comprehensive treatment of
the subject with clarity. The concepts and frameworks developed by
Sodhi and Tang in this book would create awareness of this
important and yet not well understood subject, and strategies
described in this book would stimulate practitioners to develop a
holistic approach for identifying, assessing, mitigating, and
responding to different types of supply chain risks.
"Nick Wildgoose, Global Supply Chain Proposition Manager, Zurich
Insurance""
From the Foreword by Marshall Fisher, The Wharton School,
University of Pennsylvania: As generation of academics and
practitioners follows generation, it is worthwhile to compile long
views of the research and practice in the past to shed light on
research and practice going forward. This collection of
peer-reviewed articles is intended to provide such a long view.
This book contains a collection of chapters written by leading
scholars/practitioners who have continued their efforts in
developing and/or implementing innovative OR/MS tools for solving
real world problems. In this book, the contributors share their
perspectives about the past, present and future of OR/MS
theoretical development, solution tools, modeling approaches, and
applications. Specifically, this book collects chapters that offer
insights about the following topics: * Survey articles taking a
long view over the past two or more decades to arrive at the
present state of the art while outlining ideas for future research.
Surveys focus on use of a particular OR/MS approach, e.g.,
mathematical programming (LP, MILP, etc.) and solution methods for
particular family of application, e.g., distribution system design,
distribution planning system, health care. * Autobiographical or
biographical accounts of how particular inventions (e.g.,
Structured Modeling) were made. These could include personal
experiences in early development of OR/MS and an overview of what
has happened since. * Development of OR/MS mathematical tools
(e.g., stochastic programming, optimization theory). * Development
of OR/MS in a particular industry sector such as global supply
chain management. * Modeling systems for OR/MS and their
development over time as well as speculation on future development
(e.g., LINDO, LINGO, and What'sBest!) * New applications of OR/MS
models (e.g., happiness) The target audience of this book is young
researchers, graduate/advanced undergraduate students from OR/MS
and related fields like computer science, engineering, and
management as well as practitioners who want to understand how
OR/MS modeling came about over the past few decades and what
research topics or modeling approaches they could pursue in
research or application.
From the Foreword by Marshall Fisher, The Wharton School,
University of Pennsylvania: As generation of academics and
practitioners follows generation, it is worthwhile to compile long
views of the research and practice in the past to shed light on
research and practice going forward. This collection of
peer-reviewed articles is intended to provide such a long view.
This book contains a collection of chapters written by leading
scholars/practitioners who have continued their efforts in
developing and/or implementing innovative OR/MS tools for solving
real world problems. In this book, the contributors share their
perspectives about the past, present and future of OR/MS
theoretical development, solution tools, modeling approaches, and
applications. Specifically, this book collects chapters that offer
insights about the following topics: * Survey articles taking a
long view over the past two or more decades to arrive at the
present state of the art while outlining ideas for future research.
Surveys focus on use of a particular OR/MS approach, e.g.,
mathematical programming (LP, MILP, etc.) and solution methods for
particular family of application, e.g., distribution system design,
distribution planning system, health care. * Autobiographical or
biographical accounts of how particular inventions (e.g.,
Structured Modeling) were made. These could include personal
experiences in early development of OR/MS and an overview of what
has happened since. * Development of OR/MS mathematical tools
(e.g., stochastic programming, optimization theory). * Development
of OR/MS in a particular industry sector such as global supply
chain management. * Modeling systems for OR/MS and their
development over time as well as speculation on future development
(e.g., LINDO, LINGO, and What'sBest!) * New applications of OR/MS
models (e.g., happiness) The target audience of this book is young
researchers, graduate/advanced undergraduate students from OR/MS
and related fields like computer science, engineering, and
management as well as practitioners who want to understand how
OR/MS modeling came about over the past few decades and what
research topics or modeling approaches they could pursue in
research or application.
Supply Chain Risk Management is an issue that many companies
face and yet few companies know how to deal with it in a systematic
and pragmatic manner. While avoiding and reducing supply chain
risks are certainly preferable, developing ways to restore and
stabilize supply chain operations rapidly after a major disruption
is critical for managing global supply chains. Sodhi and Tang
present important concepts, frameworks, strategies, and analyses
that are essential for managing supply chain risks. Not only does
this book suggest some practical ways to work with different
partners to manage the risks that are present in a global supply
chain, it creates a framework that would enable practitioners to
engage researchers to work on this important area.
"Thomas A. Debrowski, Executive Vice President, Worldwide
Operations, Mattel, Inc.
""
" When a firm outsources its operations to external suppliers, the
firm is vulnerable to major and rare disruptions that can occur at
any link in the global supply chain. Because these disruptions
rarely occur, few firms take commensurable actions to identify,
assess, mitigate and respond to various types of supply chain
risks. By introducing frameworks and concepts along with several
case studies and a review of academic literature, Sodhi and Tang
treat this important subject with practical relevance and academic
rigor. This book will bring practitioners and researchers to
develop effective and efficient ways to manage supply chain
risks.
"Marshall L. Fisher, UPS Professor, Professor of Operations and
Information Management and Co-Director of Fishman-Davidson Center
for Service and Operations Management, The Wharton School,
University of Pennsylvania
" This book ties observations in practice to methodologies and
research. The rich case examples motivated the approaches and
methodologies used to mitigate risks, and in the course of doing
so, Sodhi and Tang provided insights on existing and new research
opportunities. As a result, this book is highly relevant to both
practitioners and academics. Also, the book is also written with
management lessons on how risks can be mitigated, and how risks can
be contained once disruptions have occurred. As such, it is also a
book for management to gain insights and to develop management
skills.
"Hau L. Lee, Thoma Professor of Operations, Information and
Technology and Director of the Stanford Global Supply Chain
Management Forum, Graduate School of Business, Stanford
University
" As companies have extended their supply chains globally and as
the face increasing resource issues, they face a number of new risk
challenges. While there are various case studies written about
supply chain risks, this book gives a comprehensive treatment of
the subject with clarity. The concepts and frameworks developed by
Sodhi and Tang in this book would create awareness of this
important and yet not well understood subject, and strategies
described in this book would stimulate practitioners to develop a
holistic approach for identifying, assessing, mitigating, and
responding to different types of supply chain risks.
"Nick Wildgoose, Global Supply Chain Proposition Manager, Zurich
Insurance""
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