Risk Mitigation in the Supply Chain Caused by Multiple Phase-in and Phase-out Components Using SIMIO Simulation
Manufacturing is constantly changing, adapting to new technologies and making improvements on their products design, while dealing with engineering design changes can represent an improvement or savings to the company it can also end up as a huge risk of disruption in the Supply Chain if there is not a safety phase-in and phase-out components transition because the network became more complex and affected processes needs to be revalidated, here comes the importance to set up an strategy to mitigate any possible risk and maximize total revenue. A case study for a two tiers level Supply Chain system is evaluated using SIMIO Simulation software in order to compare different inventory management models including continuous orders, EOQ and POQ. Validation and final results for four different scenarios are provided, selecting the optimal results for this particular model.
Renteria Marquez, Anabel, "Risk Mitigation in the Supply Chain Caused by Multiple Phase-in and Phase-out Components Using SIMIO Simulation" (2017). ETD Collection for University of Texas, El Paso. AAI10605515.