Optimal Supplier Development Contract Extensions Despite Flexibility Requirements Of Industry 4 0
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Optimal Supplier Development Contract Extensions Despite Flexibility Requirements Of Industry 4 0
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Author : Haniyeh Dastyar
language : en
Publisher:
Release Date : 2021
Optimal Supplier Development Contract Extensions Despite Flexibility Requirements Of Industry 4 0 written by Haniyeh Dastyar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.
Original Equipment Manufacturers (OEM) face procurement costs of raw materials and com ponents of more than half of the manufacturers' total profit. Therefore, OEMs depend on their suppliers, and the supplier's performance has a noticeable effect on many product as pects, such as cost, quality, and on-time delivery. Consequently, OEMs place increasing concentration on a more efficient supply chain utilizing supplier development. Like other types of investments, investment in supplier development contains the risk whether it pays off the proposed revenue or not. Therefore OEMs need to be aware of the profitability of their supplier development investments in advance. Regarding this topic, many researchers conducted quantitive and qualitative supplier development studies. They tried to address different aspects of this concept, like supplier development outcomes, applications, or its importance. They provided in-depth knowledge of suppler development investment in both theory and practice. The presented studies considered supplier development in a static mar ket situation. Additionally, they did not offer any suggestions toward the profitability of supplier development regarding the period of investment in a dynamic market. In this thesis, we take some steps forward from the previous studies. We study multi OEM scenarios consisting of two OEMs and one supplier (a so-called multi-OEM scenario in this study) that enable us to consider the relationship between OEMs who tend to invest in the same supplier. Studying a multi-OEM scenario enables us to simulate more realistic settings. In this regard, by applying game theory, we assume four types of relationships be tween OEMs that are fully cooperative, collaborative (simultaneous and sequential decision making), and non-cooperative. Moreover, in a multi-OEM scenario, we consider the effect of trust between OEMs. We implement Model Predictive Control (MPC) to evaluate the profit of OEMs investment over time. MPC is a well-established method for dynamic sys tems and recently received great attention in supply chain management. MPC implements a series of control aspects to provide decision-makers an optimal option over a moving horizon to minimize the deviations from the proposed goals. Using MPC, we take the dynamics of the market into account. We considred two use-cases to gain real-world data to investigate supplier development investment for OEMs in dynamic and static market situations. We se lected the Samsung smartphone S-series as a short life cycle product and the Mercedes Benz A-class as a middle life cycle product. We obtained the data of these two use-cases from the database of Germany's Federal Office for Statistics. The results of this study reveal that supplier development is considerably profitable in total. Furthermore, the results show that supplier development is an efficient tool to reduce OEM's product price by mitigating the production cost, ending with customer satisfaction. Even a small investment in suppliers causes profit compared to the scenario where no sup plier development is implemented. Higher investments still result in an increased profit. Moreover, our experiment on OEMs' different relationships shows that OEMs tend to invest for more extended periods rather than the other scenarios in a fully cooperative scenario. Also, in a full cooperative scenario, the OEMs gain the advantage of faster and higher pro duction cost reduction. The non-cooperative scenario results indicate that OEMs look after shorter investment periods while the investment is not paying off. Thus, OEMs should cut off the investment in the development of the supplier in shorter periods. Furthermore, our study considering dynamic market conditions shows that supplier development results in higher or at least close-to-equal profits for most of the proposed scenarios. Overall, the results show that considering the market dynamics depends on the planned period of the overall supplier development program. For short programs, the static assumptions cause better revenues since the optimizer issues investments quickly at the beginning of the project. Finally, the results reveal that the OEMs' orientation to either make the trust or focus on optimizing their favorable revenue influences the overall outcome. Assuming a balanced trust level leads to the highest level of revenue, both for the individual OEMs and overall for involved parties.
Logistics 4 0
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Author : Turan Paksoy
language : en
Publisher: CRC Press
Release Date : 2020-12-17
Logistics 4 0 written by Turan Paksoy and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-12-17 with Technology & Engineering categories.
Industrial revolutions have impacted both, manufacturing and service. From the steam engine to digital automated production, the industrial revolutions have conduced significant changes in operations and supply chain management (SCM) processes. Swift changes in manufacturing and service systems have led to phenomenal improvements in productivity. The fast-paced environment brings new challenges and opportunities for the companies that are associated with the adaptation to the new concepts such as Internet of Things (IoT) and Cyber Physical Systems, artificial intelligence (AI), robotics, cyber security, data analytics, block chain and cloud technology. These emerging technologies facilitated and expedited the birth of Logistics 4.0. Industrial Revolution 4.0 initiatives in SCM has attracted stakeholders’ attentions due to it is ability to empower using a set of technologies together that helps to execute more efficient production and distribution systems. This initiative has been called Logistics 4.0 of the fourth Industrial Revolution in SCM due to its high potential. Connecting entities, machines, physical items and enterprise resources to each other by using sensors, devices and the internet along the supply chains are the main attributes of Logistics 4.0. IoT enables customers to make more suitable and valuable decisions due to the data-driven structure of the Industry 4.0 paradigm. Besides that, the system’s ability of gathering and analyzing information about the environment at any given time and adapting itself to the rapid changes add significant value to the SCM processes. In this peer-reviewed book, experts from all over the world, in the field present a conceptual framework for Logistics 4.0 and provide examples for usage of Industry 4.0 tools in SCM. This book is a work that will be beneficial for both practitioners and students and academicians, as it covers the theoretical framework, on the one hand, and includes examples of practice and real world.
Industry 4 0
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Author : Venkatachalam Anbumozhi
language : en
Publisher:
Release Date : 2018
Industry 4 0 written by Venkatachalam Anbumozhi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Industry 4.0 categories.
Stochastic Modeling And Optimization Of Manufacturing Systems And Supply Chains
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Author : J. George Shanthikumar
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Stochastic Modeling And Optimization Of Manufacturing Systems And Supply Chains written by J. George Shanthikumar and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
This volume originates from two workshops, both focusing on themes that are reflected in the title of the volume. The first workshop took place at Eindhoven University of Technology, April 24-26, 2001, on the occasion of the University granting a doctorate honoris causa to Profes sor John A. Buzacott. The second workshop was held on June 15, 2002 at Cornell University (preceding the annual INFORMSjMSOM Confer ence), honoring John's retirement and his lifetime contributions. Each of the two workshops consisted of about a dozen technical presentations. The objective of the volume, however, is not to simply publish the proceedings of the two workshops. Rather, our objective is to put to gether a select set of articles, each organized into a well-written chapter, focusing on a timely topic. Collected into a single volume, these chapters aim to serve as a useful reference for researchers and practitioners alike, and also as reading materials for graduate courses or seminars.
Next Generation Supply Chains
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Author : Rosanna Fornasiero
language : en
Publisher: Springer Nature
Release Date : 2020-12-31
Next Generation Supply Chains written by Rosanna Fornasiero and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-12-31 with Technology & Engineering categories.
This open access book explores supply chains strategies to help companies face challenges such as societal emergency, digitalization, climate changes and scarcity of resources. The book identifies industrial scenarios for the next decade based on the analysis of trends at social, economic, environmental technological and political level, and examines how they may impact on supply chain processes and how to design next generation supply chains to answer these challenges. By mapping enabling technologies for supply chain innovation, the book proposes a roadmap for the full implementation of the supply chain strategies based on the integration of production and logistics processes. Case studies from process industry, discrete manufacturing, distribution and logistics, as well as ICT providers are provided, and policy recommendations are put forward to support companies in this transformative process.
Industry 4 0 For Smes
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Author : Dominik T. Matt
language : en
Publisher: Springer Nature
Release Date : 2020-01-03
Industry 4 0 For Smes written by Dominik T. Matt and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-03 with Business & Economics categories.
This open access book explores the concept of Industry 4.0, which presents a considerable challenge for the production and service sectors. While digitization initiatives are usually integrated into the central corporate strategy of larger companies, smaller firms often have problems putting Industry 4.0 paradigms into practice. Small and medium-sized enterprises (SMEs) possess neither the human nor financial resources to systematically investigate the potential and risks of introducing Industry 4.0. Addressing this obstacle, the international team of authors focuses on the development of smart manufacturing concepts, logistics solutions and managerial models specifically for SMEs. Aiming to provide methodological frameworks and pilot solutions for SMEs during their digital transformation, this innovative and timely book will be of great use to scholars researching technology management, digitization and small business, as well as practitioners within manufacturing companies.
The Fourth Industrial Revolution
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Author : Klaus Schwab
language : en
Publisher: Penguin UK
Release Date : 2017-01-03
The Fourth Industrial Revolution written by Klaus Schwab and has been published by Penguin UK this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-03 with Business & Economics categories.
The founder and executive chairman of the World Economic Forum on how the impending technological revolution will change our lives We are on the brink of the Fourth Industrial Revolution. And this one will be unlike any other in human history. Characterized by new technologies fusing the physical, digital and biological worlds, the Fourth Industrial Revolution will impact all disciplines, economies and industries - and it will do so at an unprecedented rate. World Economic Forum data predicts that by 2025 we will see: commercial use of nanomaterials 200 times stronger than steel and a million times thinner than human hair; the first transplant of a 3D-printed liver; 10% of all cars on US roads being driverless; and much more besides. In The Fourth Industrial Revolution, Schwab outlines the key technologies driving this revolution, discusses the major impacts on governments, businesses, civil society and individuals, and offers bold ideas for what can be done to shape a better future for all.
Bulletin Of The Atomic Scientists
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Author :
language : en
Publisher:
Release Date : 1967-09
Bulletin Of The Atomic Scientists written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1967-09 with categories.
The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.
Structural Dynamics And Resilience In Supply Chain Risk Management
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Author : Dmitry Ivanov
language : en
Publisher: Springer
Release Date : 2017-11-07
Structural Dynamics And Resilience In Supply Chain Risk Management written by Dmitry Ivanov and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-07 with Business & Economics categories.
This book offers an introduction to structural dynamics, ripple effect and resilience in supply chain disruption risk management for larger audiences. In the management section, without relying heavily on mathematical derivations, the book offers state-of-the-art concepts and methods to tackle supply chain disruption risks and designing resilient supply chains in a simple, predictable format to make it easy to understand for students and professionals with both management and engineering background. In the technical section, the book constitutes structural dynamics control methods for supply chain management. Real-life problems are modelled and solved with the help of mathematical programming, discrete-event simulation, optimal control theory, and fuzzy logic. The book derives practical recommendations for management decision-making with disruption risk in the following areas: How to estimate the impact of possible disruptions on performance in the pro-active stage? How to generate efficient and effective stabilization and recovery policies? When does one failure trigger an adjacent set of failures? Which supply chain structures are particular sensitive to ripple effect? How to measure the disruption risks in the supply chain?
Bulletin Of The Atomic Scientists
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Author :
language : en
Publisher:
Release Date : 1967-09
Bulletin Of The Atomic Scientists written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1967-09 with categories.
The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.