Handbook of Integrated Risk Management in Global Supply Chains.
Title:
Handbook of Integrated Risk Management in Global Supply Chains.
Author:
Kouvelis, Panos.
ISBN:
9781118115770
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (625 pages)
Series:
Wiley Handbooks in Operations Research and Management Science Ser. ; v.1
Wiley Handbooks in Operations Research and Management Science Ser.
Contents:
HANDBOOK OF INTEGRATED RISK MANAGEMENT IN GLOBAL SUPPLY CHAINS -- Contents -- Foreword -- Preface -- Acknowledgments -- Contributors -- Part ONE: Foundations and Overview -- 1 Integrated Risk Management: A Conceptual Framework with Research Overview and Applications in Practice -- 1.1 Introduction -- 1.2 An Action-Based Framework for Supply Chain Risk Management -- 1.3 Risk Mitigation Strategies -- 1.4 Research Opportunities -- Reference -- 2 Risk Management and Operational Hedging: An Overview -- 2.1 Introduction -- 2.2 Risk Management: Concept and Process -- 2.3 Identification of Operational Hazards -- 2.4 Risk Assessment and Valuation -- 2.5 Tactical Risk Decisions and Crisis Management -- 2.6 Strategic Risk Mitigation -- 2.7 Four Operational Hedging Strategies -- 2.8 Financial Hedging of Operational Risk -- 2.9 Tailored Operational Hedging -- 2.10 Guidelines for Operational Risk Management -- References -- 3 The Effect of Supply Chain Disruptions on Corporate Performance -- 3.1 Introduction -- 3.2 Sample, Performance Metrics, and Methodology -- 3.3 The Effect of Supply Chain Disruptions on Corporate Performance -- 3.4 Drivers of Supply Chain Disruptions -- 3.5 What Can Firms Do To Mitigate the Chances of Disruptions? -- 3.6 Summary -- A. Methodology Used To Estimate Stock Price Performance -- B. Methodology Used To Estimate Changes in Share Price Volatility -- C. Methodology Used To Estimate Changes in Profitability, 76 References -- References -- 4 Operational Strategies for Managing Supply Chain Disruption Risk -- 4.1 Introduction -- 4.2 Stockpile Inventory -- 4.3 Diversify Supply -- 4.4 Backup Supply -- 4.5 Manage Demand -- 4.6 Strengthen Supply Chain -- 4.7 Conclusions -- References -- 5 Beyond Risk: Ambiguity in Supply Chains -- 5.1 Introduction to Risk and Ambiguity -- 5.2 Ambiguity in a Single Period Newsvendor Setting.
5.3 Ambiguity in a Supply Chain Inventory Positioning Setting -- 5.4 Conclusions -- References -- Part TWO: Integrated Risk Management: Operations and Finance Interface -- 6 Managing Storable Commodity Risks: Role of Inventories and Financial Hedges -- 6.1 Introduction -- 6.2 Literature Review -- 6.3 Problem Description -- 6.4 Optimal Policy for Single Contract Financial Hedging -- 6.5 Optimal Policy for a Portfolio of Financial Hedges -- 6.6 Role of the Operational and Financial Hedges -- 6.7 Example of Model Application and Results -- 6.8 Managerial Insights and Conclusions -- References -- 7 Integrated Production and Risk Hedging with Financial Instruments -- 7.1 Introduction -- 7.2 Single Period Models -- 7.3 Multiperiod Models -- 7.4 Conclusion -- References -- 8 Capacity Expansion As A Contingent Claim: Flexibility And Real Options In Operations -- 8.1 Introduction -- 8.2 A Financial Option Pricing Model: Black Scholes (1973) and Merton (1973) Model -- 8.3 Real Options Valuation (ROV) in Operations -- 8.4 Conclusion -- References -- 9 Financial Valuation of Supply Chain Contracts -- 9.1 Introduction -- 9.2 Review of Financial Markets, Arbitrage, and Martingales -- 9.3 A Model for Financial Valuation of Supply Chain Contracts -- 9.4 Dual Formulation -- 9.5 Experimental Study -- 9.6 Conclusion -- References -- Part THREE: Supply Chain Finance -- 10 Supply Chain Finance -- 10.1 Introduction -- 10.2 TheModel Setting, Common Notation and Assumptions -- 10.3 Bankrupt-Prone Supply Chains under Wholesale Price Contracts -- 10.4 Financing the Bankrupt-Prone Newsvendor with Trade Credit Contracts -- 10.5 Conclusions and Future Research -- References -- 11 The Role of Financial Services in Procurement Contracts -- 11.1 Introduction -- 11.2 Model Description -- 11.3 Wholesale Contract with a Budget Constraint (wT,QT).
11.4 Equilibrium Under a Credit Contract (QI,wI, ˛αI) -- 11.5 Equilibrium with External Financing (QE,wE) -- 11.6 Computational Experiments -- 11.7 Concluding Remarks and Extensions -- References -- 12 Production/Inventory Management and Capital Structure -- 12.1 Operations and Finance -- 12.2 The Model -- 12.3 Structural Properties of an Optimal Policy -- 12.4 Characterization of the Optimal Policy -- 12.5 Long-Term Decisions on Capital Structure -- 12.6 Extensions and Variations of the Basic Model -- 12.7 Concluding Remarks -- 12.8 Bibliographical Notes -- References -- 13 Bank Financing of Newsvendor Inventory: Coordinating Loan Schedules -- 13.1 Introduction -- 13.2 The Stackelberg Game -- 13.3 A Numerical Study -- 13.4 Coordinating Loan Schedules -- 13.5 Concluding Remarks -- References -- Part FOUR: Operational Risk Management Strategies -- 14 Decentralized Supply Risk Management -- 14.1 Introduction -- 14.2 Literature Taxonomies -- 14.3 Misalignment of Incentives -- 14.4 Competing Suppliers -- 14.5 Competing Manufacturers -- 14.6 Asymmetric Information -- 14.7 Conclusions -- References -- 15 Using Supplier Portfolios to Manage Demand Risk -- 15.1 Introduction -- 15.2 Literature Review -- 15.3 A Static Model -- 15.4 A Dynamic Model with Progressive Demand Revelation -- 15.5 Conclusions -- References -- 16 An Opportunity Cost View of Base-Stock Optimality for the Warehouse Problem -- 16.1 Introduction -- 16.2 A Simple Motivating Example -- 16.3 Model -- 16.4 Base-Stock Optimality -- 16.5 Managerial Aspects -- 16.6 Conclusions -- References -- Part FIVE: Industrial Applications -- 17 Procurement Risk Management in Beef Supply Chains -- 17.1 Introduction -- 17.2 Literature Review -- 17.3 Model Description -- 17.4 Computational Experiments for the Beef Supply Chain -- 17.5 Discussion -- References -- 18 Risk Management in Electric Utilities.
18.1 Introduction -- 18.2 Price Risk -- 18.3 Volume Risk -- 18.4 Other Risk Examples -- 18.5 Summary -- References -- 19 Supply Chain Risk Management: A Perspective from Practice -- 19.1 Defining Supply Chain Risk Management -- 19.2 Understanding Your Supply Chain -- 19.3 Developing SCRM Capabilities -- 19.4 Process Approach to Supply Chain Risk Management -- 19.5 Case Study: Cisco Responds to the Sichuan Earthquake -- 19.6 The Importance of an International Standard in SCRM -- 19.7 Conclusion -- 20 A Bayesian Framework for Supply Chain Risk Management Using Business Process Standards -- 20.1 Introduction -- 20.2 Related Literature -- 20.3 A Framework for Supply Chain Risk Categorization -- 20.4 Risk Quantification through Bayesian Learning -- 20.5 Case Study: Risk Modeling for a Global Supply Chain -- 20.6 Summary -- References -- Index.
Abstract:
A comprehensive, one-stop reference for cutting-edge research in integrated risk management, modern applications, and best practices In the field of business, the ever-growing dependency on global supply chains has created new challenges that traditional risk management must be equipped to handle. Handbook of Integrated Risk Management in Global Supply Chains uses a multi-disciplinary approach to present an effective way to manage complex, diverse, and interconnected global supply chain risks. Contributions from leading academics and researchers provide an action-based framework that captures real issues, implementation challenges, and concepts emerging from industry studies.The handbook is divided into five parts: Foundations and Overview introduces risk management and discusses the impact of supply chain disruptions on corporate performance Integrated Risk Management: Operations and Finance Interface explores the joint use of operational and financial hedging of commodity price uncertainties Supply Chain Finance discusses financing alternatives and the role of financial services in procurement contracts; inventory management and capital structure; and bank financing of inventories Operational Risk Management Strategies outlines supply risks and challenges in decentralized supply chains, such as competition and misalignment of incentives between buyers and suppliers Industrial Applications presents examples and case studies that showcase the discussed methodologies Each topic's presentation includes an introduction, key theories, formulas, and applications. Discussions conclude with a summary of the main concepts, a real-world example, and professional insights into common challenges and best practices. Handbook of Integrated Risk Management in Global Supply Chains is an essential reference for academics and practitioners in the areas of supply
chain management, global logistics, management science, and industrial engineering who gather, analyze, and draw results from data. The handbook is also a suitable supplement for operations research, risk management, and financial engineering courses at the upper-undergraduate and graduate levels.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Genre:
Electronic Access:
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