Simulation for Supply Chain Analysis

Abstract

Supply chain management provides a means of increase the competitive position of supply chain partners by balancing conflicting business objectives of efficiency and effectiveness, see Chapter 3. However, as nowadays supply chains are surrounded by a continuously evolving environment that increases both complexity and risk exposition, the decision-making process for supply chain problems is a very challenging task. Supply chain managers have to take strategic, tactical, and operational decisions for a diversity of problems, but in such an environment it is hardly possible to completely predict all potential consequences of their decisions [191].