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Bishwajit Banik Pathik
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Decision Sciences, Operations Research & Management Engineering Environmental Science Industrial & Manufacturing Engineering Transportation

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Book Review: Supply Chain’s Flexibility – A Real Options Approach Bishwajit Banik Pathik
International Journal of Supply Chain Management Vol 2, No 2 (2013): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

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Abstract

This book contains of the investigation is about the process of decision making in supply chain management using a real options analysis framework. Specifically, the authors address issues regarding the optimal inventory level to hedge against demand uncertainties; the timing for equipment capacity implementation under market product mix complexity; the timing for workforce capacity reinforcement aiming market service requirements; and the decisions between integration and outsourcing in an uncertainty environment. Discrete and continuous time methodologies were used to identify the optimal value and timing of the options to adopt, when the demand is stochastic. Additionally, the effect of market requirements, such as product mix complexity and service level, were also taken into consideration. The demand is modeled under different stochastic processes; the impact of unexpected shocks is also explored, which enhances the generalization of the models to different business conditions. The applicability of the models enables the diversification and enrichment of the literature on the real options approach, within supply chain concept. Flexible inventory levels and the flexible capacity are supply chain features that can be used to deal with demand uncertainty.
Book Review: Multi-tier Supply Chain Visibility in the Automotive Industry Bishwajit Banik Pathik; Dr. Md. Mamun Habib
International Journal of Supply Chain Management Vol 2, No 4 (2013): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

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Abstract

This book investigates how to integrate intra-and inter organizational automotive supply chain entities into a holistic supply chain visibility (SCV) system which can be established in automotive supply chains for creating performance improvements in collaboration, delivery of high performance and efficiency. The theoretical part of the book clarifies the fundamentals of SCV assessing the existing technological developments from the electronics industry as well as general implications of information sharing and transparency on corporate performance. It also explains the current economic pressures, principal supply chain structures and efforts for creating supply chain visibility in the automotive industry. The foregoing theoretical findings with a practical analysis of an automotive engine supply chain as a case study is also united at the empirical part of this book. The author presents a practical framework entitled Virtual Command Center for the electronics industry to the particular requirements of the automotive industry which describes major drivers, goals, barriers and implications of automotive supply chain visibility (SCV).
Co-Authors Dr. Md. Mamun Habib