Description: Global Supply Chain Performance and Risk Optimization by Rob Smith This doctoral dissertation deals with a very timely and important topic in the fields of international operations, finance and risk management, namely the evaluation of the Real Option value of operational and managerial flexibility within a global supply chain network. FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description This doctoral dissertation deals with a very timely and important topic in the fields of international operations, finance and risk management, namely the evaluation of the Real Option value of operational and managerial flexibility within a global supply chain network. The author - who has worked for more than nine years on international supply chain strategy and design as an executive in world class automotive and high tech companies in the U. S. and in Europe - uses a large-scale data set from an existing global supply chain operated by a tier one supplier in the global automotive industry in examining and comparing the following supply chain strategies: single sourcing, dual sourcing, compliance with local-content rules, centers of excellence and Real Options with flexibility in sourcing, production and distribution logistics. The major finding of this empirical study is the identification of a Real Options strategy that results in a positive payback in less than a year and dominates all of the other supply chain strategies. The three main contributions of this work are: i) for the first time, a comprehen sive and real data set is utilized to quantify and demonstrate the financial performance of various supply chain design strategies, ii) a new model of real price changes, i. e. Notes Todays trends toward increasing industry consolidation, globalization and platform product strategies underscore the importance of strategic supply chain design as a major business imperative. In parallel, Real Options theory is replacing net present value as the central paradigm for large-scale investment planning. Applied to operations, the Real Options strategy enables a firm to profit from flexibility designed into its supply chain.Rob Smith quantifies the value of Real Options using an existing global supply chain designed to support world car vehicle platform production. The Real Options supply chain strategy is compared to four others prevalent in industry - Single Sourcing, Dual Sourcing, Local Content, and Centers of Excellence - and is demonstrated to yield superior financial results. The author presents an action plan for implementing Real Options as a guide to practitioners intent on exploiting the strategys power to minimize foreign exchange risk and maximize the financial performance potential unique to global supply chain networks. Back Cover Todays trends toward increasing industry consolidation, globalization and platform product strategies underscore the importance of strategic supply chain design as a major business imperative. In parallel, Real Options theory is replacing net present value as the central paradigm for large-scale investment planning. Applied to operations, the Real Options strategy enables a firm to profit from flexibility designed into its supply chain. Rob Smith quantifies the value of Real Options using an existing global supply chain designed to support world car vehicle platform production. The Real Options supply chain strategy is compared to four others prevalent in industry - Single Sourcing, Dual Sourcing, Local Content, and Centers of Excellence - and is demonstrated to yield superior financial results. The author presents an action plan for implementing Real Options as a guide to practitioners intent on exploiting the strategys power to minimize foreign exchange risk and maximize the financial performance potential unique to global supply chain networks. Author Biography Dr. Rob Smith promovierte bei Prof. Dr. Arnd Huchzermeier am Lehrstuhl fÜr Produktionsmanagement der WHU in Vallendar und ist als Executive im Bereich Supply Chain Management tätig. Table of Contents 1 Introduction.- 1.1 Motivation.- 1.2 Problem descriptions.- 1.3 Roadmap.- 2 Literature review - basic theories and key contributions.- 2.1 Foreign exchange theory.- 2.2 Foreign exchange risk management theory.- 2.3 Real Options.- 2.4 Global supply chain management.- 2.5 Recap of real option research and applications to date.- 3 Getting to Global - Building a Global supply chain Network Model.- 3.1 The GLBNET supply chain network structure.- 3.2 The process-based business case.- 3.3 The GLBNET Model description and formulation.- 3.4 Introducing Foreign Exchange uncertainty into the GLBNET Model.- 3.5 Real Options Evaluation Methodology.- 4 The cost and value of Real Options Flexibility.- 4.1 Real Options add flexibility to the GLBNET supply chain.- 4.2 Financial Performance - Flexibility makes money.- 4.3 Real Options is the most profitable supply chain strategy.- 4.4 The Face of Flexibility — Value Added and Material Spend allocations under different FX scenarios.- 5 A Real Options Action Plan.- 5.1 Are Real Options appropriate for my supply chain?.- 5.2 Real Options Action Plan.- 5.3 Focus on the engine for continuous improvement — flexibility.- 6 Areas for further research.- 6.1 Contributions of this work.- 6.2 Suggestions for further research.- 6.3 Outlook.- References.- Appendices.- GLBNET Model GAMS formulation.- Mathematical formulation of the GLBNET Model.- Example Executive Summary Report.- Example Executive Sourcing Report.- Example GLBNET Log File. Promotional Springer Book Archives Long Description This doctoral dissertation deals with a very timely and important topic in the fields of international operations, finance and risk management, namely the evaluation of the Real Option value of operational and managerial flexibility within a global supply chain network. The author - who has worked for more than nine years on international supply chain strategy and design as an executive in world class automotive and high tech companies in the U. S. and in Europe - uses a large-scale data set from an existing global supply chain operated by a tier Description for Sales People Todays trends toward increasing industry consolidation, globalization and platform product strategies underscore the importance of strategic supply chain design as a major business imperative. In parallel, Real Options theory is replacing net present value as the central paradigm for large-scale investment planning. Applied to operations, the Real Options strategy enables a firm to profit from flexibility designed into its supply chain. Rob Smith quantifies the value of Real Options using an existing global supply chain designed to support world car vehicle platform production. The Real Options supply chain strategy is compared to four others prevalent in industry - Single Sourcing, Dual Sourcing, Local Content, and Centers of Excellence - and is demonstrated to yield superior financial results. The author presents an action plan for implementing Real Options as a guide to practitioners intent on exploiting the strategys power to minimize foreign exchange risk and maximize the financial performance potential unique to global supply chain networks. Details ISBN3824475510 Author Rob Smith Short Title GLOBAL SUPPLY CHAIN PERFORMANC Language English ISBN-10 3824475510 ISBN-13 9783824475513 Media Book Format Paperback Edition 02200th Subtitle The Value of Real Options Flexibility Demonstrated in the Global Automotive Industry Pages 267 Year 2002 Publication Date 2002-03-28 Imprint Deutscher Universitats-Verlag Place of Publication Wiesbaden Country of Publication Germany Translated from German DOI 10.1007/978-3-322-81407-4 Illustrations 5 Illustrations, black and white; XVI, 267 p. 5 illus. Publisher Deutscher Universitats-Verlag Edition Description Softcover reprint of the original 1st ed. 2002 DEWEY 330 Audience Professional & Vocational We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:96319977;
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ISBN-13: 9783824475513
Book Title: Global Supply Chain Performance and Risk Optimization
Number of Pages: 267 Pages
Language: English
Publication Name: Global Supply Chain Performance and Risk Optimization: The Value of Real Options Flexibility Demonstrated in the Global Automotive Industry: 2002
Publisher: Deutscher Universitats-Verlag
Publication Year: 2002
Subject: Management
Item Height: 210 mm
Item Weight: 370 g
Type: Textbook
Author: Rob Smith
Item Width: 148 mm
Format: Paperback
