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Digital Library of the
European Council for Modelling and Simulation |
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Title: |
Simulation-Based Risk Measurements In Supply Chains |
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Authors: |
Ruslan A. Klimov, Yuri A. Merkuryev |
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Published in:
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(2006).ECMS
2006 Proceedings edited by: W. Borutzky, A. Orsoni, R. Zobel. European
Council for Modeling and Simulation. doi:10.7148/2006 ISBN:
0-9553018-0-7 20th
European Conference on Modelling and Simulation, Bonn,
May 28-31, 2006 |
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Citation
format: |
Klimov, R.
A., & Merkuryev, Y. A. (2006). Simulation-Based
Risk Measurements In Supply Chains. ECMS 2006 Proceedings edited by: W.
Borutzky, A. Orsoni, R. Zobel (pp. 413-418).
European Council for Modeling and Simulation. doi:10.7148/2006-0413 |
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DOI: |
http://dx.doi.org/10.7148/2006-0413 |
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Abstract: |
Because of
modern supply chains complexity, supply chain managers are presently making
decisions which are associated with some risk. This paper discusses risk problem
in supply chains and presents a supply chain risk assessment approach. The
Beer Game model, which is a simplified example of a supply chain, is used to demonstrate
application of the suggested risk assessment approach. Two risk events are taken into account: inventory excessive
accumulation and backordering. Simulation experiments with the computerised
version of the Beer Game show that the approach presented can be used for
assessing supply chain risk; at the same time, it is possible to illustrate
risk occurrence using the Beer Game model. |
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