By Gerald Oeser
This e-book offers accomplished and concise definitions of hazard pooling and risk-pooling equipment, a simple statistical rationalization, and a value-chain orientated framework for examining risk-pooling equipment. threat pooling mitigates call for and lead time uncertainty in logistics and provide chain administration. the writer additionally offers readers with a downloadable automatic determination aid instrument to match and select acceptable risk-pooling tools and to use them in businesses. scholars and practitioners of logistics and provide chain administration will locate this booklet quite useful.
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Extra resources for Risk-Pooling Essentials: Reducing Demand and Lead Time Uncertainty
Example text
35 Cachon and Terwiesch (2009, p. 335). 36 Eynan and Fouque (2003, 2005), Chopra and Meindl (2007, pp. ), Ganesh et al. (2008, p. 1124). 37 Eynan and Fouque (2003, p. 705, 2005, p. 91). 38 Swaminathan (2001, p. 131). 1 The Risk-Pooling Methods’ Favorable Conditions … 29 substitute39 or the substitute has a lower selling price than the originally desired product,40 revenues might suffer. When selecting risk-pooling methods, you first of all can exclude some on the basis of their ability to reduce only demand or lead-time uncertainty or both.
29) model, for instance, PM is favorable unless the forecast is completely accurate. The RPDST starts with this common problem of demand and/or lead-time uncertainty that can be addressed by risk pooling and leads the user to suitable risk-pooling methods (in ovals) by asking questions (in rhombi) and giving answer choices (on the arrows). The numbers in brackets help to note down one’s path and the influencing factors that led to recommending a certain risk-pooling method, so that a sensitivity analysis can be conducted afterwards.
35), Yang et al. (2005, p. 994), Graman and Magazine (2006, p. 1078), Pishchulov (2008, p. 13). 32 LeBlanc et al. (2009, p. 28). 33 Cachon and Terwiesch (2009, pp. ). 34 Cachon and Terwiesch (2009, p. 335), Hamstra (2009), Ryan (2009), Thayer (2009, p. 23). 35 Cachon and Terwiesch (2009, p. 335). 36 Eynan and Fouque (2003, 2005), Chopra and Meindl (2007, pp. ), Ganesh et al. (2008, p. 1124). 37 Eynan and Fouque (2003, p. 705, 2005, p. 91). 38 Swaminathan (2001, p. 131). 1 The Risk-Pooling Methods’ Favorable Conditions … 29 substitute39 or the substitute has a lower selling price than the originally desired product,40 revenues might suffer.