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| Field |
Value |
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| Title |
Book Review: Supply Chain’s Flexibility – A Real Options Approach
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| Creator |
Pathik, Bishwajit Banik
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| Description |
This book contains of the investigation is about the process of decision making in supply chain management using a real options analysis framework. Specifically, the authors address issues regarding the optimal inventory level to hedge against demand uncertainties; the timing for equipment capacity implementation under market product mix complexity; the timing for workforce capacity reinforcement aiming market service requirements; and the decisions between integration and outsourcing in an uncertainty environment. Discrete and continuous time methodologies were used to identify the optimal value and timing of the options to adopt, when the demand is stochastic. Additionally, the effect of market requirements, such as product mix complexity and service level, were also taken into consideration. The demand is modeled under different stochastic processes; the impact of unexpected shocks is also explored, which enhances the generalization of the models to different business conditions. The applicability of the models enables the diversification and enrichment of the literature on the real options approach, within supply chain concept. Flexible inventory levels and the flexible capacity are supply chain features that can be used to deal with demand uncertainty.
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| Publisher |
International Journal of Supply Chain Management
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| Contributor |
—
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| Date |
2013-06-30
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| Type |
Peer-reviewed Article
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| Format |
application/pdf
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| Identifier |
http://ojs.excelingtech.co.uk/index.php/IJSCM/article/view/808
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| Source |
International Journal of Supply Chain Management; Vol 2, No 2 (2013): International Journal of Supply Chain Management (IJSCM)
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| Language |
en
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| Rights |
The copyright of the contribution is transferred to IJSCM in case of acceptance. The copyright transfer covers the exclusive right to reproduce and distribute the contribution, including reprints, translations, photographic reproductions, microform, electronic form, or any other reproductions of similar nature.The Author may publish his/her contribution on his/her personal Web page provided that he/she creates a link to the mentioned volume of IJSCM.The Author may not publish his/her contribution anywhere else without the prior written permission of the publisher unless it has been changed substantially. The Author warrants that his/her contribution is original, except for such excerpts from copyrighted works as may be included with the permission of the copyright holder and author thereof, that it contains no libellous statements, and does not infringe on any copyright, trademark, patent, statutory right, or propriety right of others.The Author also agrees for and accepts responsibility for releasing this material on behalf of any and all co-authors.
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