Managing Disruptions in Supply Chains

The focus on core competences, as well as the search for low labour costs, has led to vertical disintegration of multinational companies with exponential growth in transport as a consequence. Thereby, consumers depend on a large number of, often distant and hard to control, manufacturers and service providers. Such globally dispersed 'supply chains' are subject to costly supply disruptions. Keeping more inventory is a widely used strategy for mitigating the effects of supply disruptions. In this talk, we describe multiple models which 1) show the importance of protecting against these events and 2) provide ways of achieving more resilient supply chains.

• Registration to Remy Spliet, spliet@ese.eur.nl is required for availability of lunch.

This event is organised by the Econometric Institute.
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