OPIM-576 Supply Chain Risk Management
Spring for 2017-2018
A Supply Chain comprises firms and organizations, linked through material, information, and financial flows, and whose activities enable products to be created and reach the consumers. Supply Risk Management (SRM) is a set of methods and solutions for identifying, measuring, preparing for, and mitigating ramifications of adverse events in supply chains.
In this course, we will define the scope of problems that can be addressed through supply chain risk management. We will learn about a range of SRM solutions used in practice, their correct applications, their relative benefits, and discuss relevant fundamental ideas underlying these solutions.
In particular, we will study the importance of coordination of financial and operational decisions in supply chains, supply risks, the operational flexibility as a risk-mitigation tool, and the financial methods for pricing operational flexibility. We will learn about applications of quantitative risk management tools (risk measures, statistical models of uncertainty, Monte-Carlo simulation) and financial instruments (options, futures, insurance) to supply chains.
Other academic years
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