Quantifying and visualizing risk in the garment manufacturing supply chain
Thesis: M. Eng. in Logistics, Massachusetts Institute of Technology, Supply Chain Management Program, 2016.
| Main Authors: | , |
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| Other Authors: | |
| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2017
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| Online Access: | http://hdl.handle.net/1721.1/107525 |
| _version_ | 1811074428497297408 |
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| author | Braud, Jason Alexander, 1984- Gong, Siqi |
| author2 | Bruce C. Arntzen. |
| author_facet | Bruce C. Arntzen. Braud, Jason Alexander, 1984- Gong, Siqi |
| author_sort | Braud, Jason Alexander, 1984- |
| collection | MIT |
| description | Thesis: M. Eng. in Logistics, Massachusetts Institute of Technology, Supply Chain Management Program, 2016. |
| first_indexed | 2024-09-23T09:49:19Z |
| format | Thesis |
| id | mit-1721.1/107525 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T09:49:19Z |
| publishDate | 2017 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/1075252019-04-10T08:47:04Z Quantifying and visualizing risk in the garment manufacturing supply chain Braud, Jason Alexander, 1984- Gong, Siqi Bruce C. Arntzen. Massachusetts Institute of Technology. Engineering Systems Division. Massachusetts Institute of Technology. Supply Chain Management Program. Massachusetts Institute of Technology. Engineering Systems Division. Supply Chain Management Program. Engineering Systems Division. Thesis: M. Eng. in Logistics, Massachusetts Institute of Technology, Supply Chain Management Program, 2016. Cataloged from PDF version of thesis. Includes bibliographical references (pages 56-57). Supply chains are exposed to a variety of risks as they become more complex and geographically diverse. Disruptions due to these risks can be costly. Companies cannot hope to mitigate all of their supply chain risks. In order to focus risk management resources on locations in the supply chain with the most risk, companies need a comprehensive method to quantify all of their significant supply chain risks. We worked with a company in the garment manufacturing industry to map their supply chain for a few representative products. Using input from the company, we equated different risk indices with the probability of loss of a node in their supply chain. The probabilities of loss allowed us to calculate a value-at-risk at each node. Once calculated, the values-at-risk were overlaid on a visual depiction of the company's supply chain network. While previous studies have quantified and visualized risk in companies' supply chains, our research sought to combine different categories of risk in order to give a more comprehensive picture of the risk at each node. We looked at disruption risks due to natural disasters, supplier bankruptcy, and political instability. We found that commercially available indices that quantify different categories of risk can be used to inform supply chain risk management decisions. Moving from these indices to a value-at-risk model of a supply chain is not a wholly quantitative process. Therefore, the strength of the model lies more in the relative quantities of value-at-risk rather than their absolute values. Overlaying these values-at-risk over a visual depiction of their supply chain gave the company a clearer picture of where to focus risk management efforts. Other companies in other industries could apply a similar approach to build an organizational risk management tool. by Jason Alexander Braud and Siqi Gong. M. Eng. in Logistics 2017-03-20T19:38:22Z 2017-03-20T19:38:22Z 2016 2016 Thesis http://hdl.handle.net/1721.1/107525 962921817 eng MIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission. http://dspace.mit.edu/handle/1721.1/7582 57 pages application/pdf Massachusetts Institute of Technology |
| spellingShingle | Supply Chain Management Program. Engineering Systems Division. Braud, Jason Alexander, 1984- Gong, Siqi Quantifying and visualizing risk in the garment manufacturing supply chain |
| title | Quantifying and visualizing risk in the garment manufacturing supply chain |
| title_full | Quantifying and visualizing risk in the garment manufacturing supply chain |
| title_fullStr | Quantifying and visualizing risk in the garment manufacturing supply chain |
| title_full_unstemmed | Quantifying and visualizing risk in the garment manufacturing supply chain |
| title_short | Quantifying and visualizing risk in the garment manufacturing supply chain |
| title_sort | quantifying and visualizing risk in the garment manufacturing supply chain |
| topic | Supply Chain Management Program. Engineering Systems Division. |
| url | http://hdl.handle.net/1721.1/107525 |
| work_keys_str_mv | AT braudjasonalexander1984 quantifyingandvisualizingriskinthegarmentmanufacturingsupplychain AT gongsiqi quantifyingandvisualizingriskinthegarmentmanufacturingsupplychain |