The value of simulation in modeling supply chains
Proceedings of the 30th conference on Winter simulation
CSCAT: the Compaq Supply Chain Analysis Tool
Proceedings of the 31st conference on Winter simulation: Simulation---a bridge to the future - Volume 2
Proceedings of the 31st conference on Winter simulation: Simulation---a bridge to the future - Volume 2
WSC '04 Proceedings of the 36th conference on Winter simulation
Proceedings of the 38th conference on Winter simulation
Simulation of production and transportation planning with uncertainty and risk
WSEAS Transactions on Computers
Determining the best harvesting practices for the South African sugar supply chain, using simulation
EMS '07 Proceedings of the Third IASTED International Conference on Environmental Modelling and Simulation
Quantifying supply chain disruption risk using Monte Carlo and discrete-event simulation
Winter Simulation Conference
Modeling and simulating supply chain schedule risk
Proceedings of the Winter Simulation Conference
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Trends such as (I) globalization, (2) heavy reliance on transportation and communication infrastructures, and (3) lean manufacturing have led to an increase in the vulnerability of supply networks. Due to a large number of interrelated processes and products, disruptions caused by these vulnerabilities propagate rapidly. Firms, however, can partially control the robustness and resilience of their supply networks through strategic and tactical decisions. Therefore, a decision-support tool that assists managers to evaluate the risk exposure of their supply networks can considerably increase the robustness/resilience of these networks. In this study, we present a Monte Carlo simulation based tool designed to assess uncertainty in supply networks. We describe its application and discuss the possible drawbacks of our approach.