Managing Risks Of Operations And Supply Chains Essay example

Managing Risks Of Operations And Supply Chains Essay example

Length: 792 words (2.3 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Research Statement
Bo Li
I center my research agenda on managing risks in operations and supply chains. My favored research methodologies include analytical modelling, statistical analytics, game theory, and numerical simulation.
My research will help managers make operational and strategic decisions in the presence of demand and supply risks. My investigation in operations-finance interface and supply chain risk management illustrates the important role of demand and supply risks for decision makers when inventory decisions lead to financial risks. In retail operations, I demonstrate that managers deserve an active role in store inventory management, in contrast to classical inventory theory that precludes manager intervention. My research in bone marrow transplant underlines the importance of system design in healthcare settings. Lastly, my research in cloud service competition examines strategic decisions in new business models that have capacity and revenue implications.
My long-term research goals include the continuation of current research and studying new problems that relate to the risks and dynamics in manufacturing and service industries. My career goal is to become a successful researcher and educator in operations and supply chain management.

Operations-Finance Interface and Supply Chain Risk Management
Matching supply and demand through careful and deliberate management is crucial and involves significant financial risk. Two of my dissertation essays address issues pertaining to risks in inventory systems not captured by the risk-neutral perspective. In my first dissertation essay, I show that random demand and production may lead to unappreciated significant risk in inventory holding cost and backordering cost, an...


... middle of paper ...


...ompetitive entry threats. One of my findings is that the incumbent cloud service provider should deter competitor entry under moderate levels of customer valuation, service usage and market size, and allow competitor entry otherwise. Moreover, I find that cloud service providers should not always deter potential entrants with preemptive low pricing, and that allowing competitor entry may be the preferred choice with favorable capacity cost differential.
My future research in this area includes pricing and service offering strategies of service providers under various technology and business settings. Moreover, I am currently working on an early-phase project in collaboration with a cloud service provider of inventory management applications, with which I seek to investigate how cloud service can reshape supply chains and bring value to customers with data analytics.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Operations Management Essay

- Table of Contents Page Introduction 3 Review of Perspective on Risk management in supply chains 3-5 Review of ERP systems in lean production 5-8 Safety Stock planning under casual demand forecasting 9 Bibliography and references 10 Introduction The following is the authors’ review of three articles from journals relating to the Operations Management Course. Each of the articles will be reviewed and analysed as to their relevance to a particular or number of subjects of the course....   [tags: Operations Management Essays]

Free Essays
2647 words (7.6 pages)

Risks And Risks Of International Business Essay

- International Business is a lucrative prospect in today’s climate, but transactions performed with foreign currencies, will incur considerable risk with the fluctuation of not only the currencies traded in but also the world economy. So what is a business to do to protect oneself from financial risks. Hedging is one way to protect oneself and one’s assets; but what exactly is hedging. According to Investopedia; a hedge is "investing to reduce the risk of adverse price movements in assets." It 's an insurance policy to mitigate risk and offset changes within whatever market you choose to invest....   [tags: Foreign exchange market, United States dollar]

Better Essays
1095 words (3.1 pages)

Essay about Review of Perspective on Risk Management in Supply Chains

- Introduction The following is the authors’ review of three articles from journals relating to the Operations Management 2 Course. Each of the articles will be reviewed and analysed as to their relevance to a particular or number of subjects of the course. Article 1 Perspective on Risk Management in supply chains; Journal of Operations Management 27 2009 (114-118) @ 2009 Elsevier B.V. All rights reserved The article focuses on managing risk in supply chains and highlight how important this area has increasingly become over the last number of years....   [tags: erp systems, lean production, safety stock]

Better Essays
2697 words (7.7 pages)

Essay on Managing the Global Supply Chain: Warehousing

- ... The days of honeycombing, ingress and egress tractor trailer issues, and inadequate number of docks positions within traditional warehouse operations are moving out as the emergence of state-of-the art operations are moving in. Another key component to the selection of a state-of-the art WMS is to first conduct a business needs assessment, before you go through the process of selecting a WMS, you must match business requirements to functionality (Ruriani, 2003). Guarding against future obsolescence is a must in the selection of a state-of-the art WMS, it must be able to accommodate future sales and growth and is adaptable to the next generation of technology that is available....   [tags: operations management analysis]

Free Essays
679 words (1.9 pages)

Managing Transformational At National Computer Operations Essay

- Managing transformational at National Computer Operations is an article discussing the dilemmas faced when a company is forced to implement changes within a two year timeframe in order to compete with other emerging computer technology companies. NCO’s Managing Director Gar Finvold, decided to review NCO’s market position and to look for improvement opportunities that change implementation enhancements would ensure that NCO would emerge and maintain their position as the leading computer support services firm....   [tags: Customer service, Customer, Sales]

Better Essays
1096 words (3.1 pages)

Operations Management : A Transformation Process Essay examples

- Operations Management is the term we use for the management of the resources necessary to produce and deliver the products and services required by customers. These resources include labor, materials and also capital equipment. Operations management include inventory management, quality control, production scheduling, and follow-up services. For example in clothing factories they transform raw materials, fabric, thread, and other resources into pants, shirts, skirts, and dresses in order for people to have clothing (Bethel University, 2011)....   [tags: Management, Operations management, Customer]

Better Essays
720 words (2.1 pages)

Essay on Nature Of Contemporary Operations Management

- a) Nature of contemporary operations management in relation to its contribution to the achievement of the oranisation’s strategic objectives in terms of. Quality: Quality refers to the ability of a product or service to consistently meet or exceed customer requirements or expectations. Different customers will have different expectations, so a working definition of quality is customer-dependent (Product Quality - Boundless Open Textbook, n.d ). The manager of BMW was thinking what the customer want, they soon notice the digitalization and the associated technical, after that, when they are making the decision, they will consider the technical first....   [tags: Management, Marketing, Operations management]

Better Essays
944 words (2.7 pages)

Supply Chains and Inventory Management Essay

- Supply Chain and Inventory Management December 6, 2008 Supply Chain and Inventory Management With the increased globalization, competition and complexity in global supply chains, more companies have realized that supply chain management is critical to the optimal organizations overall operation. It is no longer just the responsibility of the warehouse manager and logistics director (Pundir, 2008 and Wharton). In the past, many organizations didn’t manage their supply chains they left that up to the suppliers....   [tags: Business Operations Management]

Better Essays
1159 words (3.3 pages)

Management and Operations Management Theory Essay

- Management and Operations Management Theory ABSTRACT This paper defines the four functions of management and the operations management theory. It then provides an analysis of how the functions of management the operations management. THE FOUR FUNCTIONS OF MANAGEMENT Planning: It is an act of formulating a program for a definitive course of action. The management defines a goal and puts forward its strategies to accomplish the objectives defined. Organizing: To divide the work force into specific groups and giving each group a specific task....   [tags: Business Management Managing Essays]

Better Essays
1287 words (3.7 pages)

Operations Management in Health Care Essay

- Operations Management in Health Care Operations management is the organizing and controlling of the fundamental business activity of providing goods and services to customers (Encarta, 2005). In the healthcare industry, operations management generally focuses on providing a service of healthcare to patients. An organization has three basic functional areas, and theses are: finance, marketing, and operations (Operations Management, 2004, p.4). Since operations is one of the three basic functions of an organization it holds a strong significance in the healthcare industry....   [tags: Operations Healthcare Business Analysis]

Better Essays
800 words (2.3 pages)