Current Research in Supply Chain Optimisation - by Professor Stephen Graves, MIT (Massachusetts Institute of Technology)
Date: 24 Jan 2008 - 24 Jan 2008
Venue: SIMTech Auditorium, Level 3, Tower Block
Prof Stephen Graves will provide an overview on two ongoing research thrusts related to the modelling and optimisation of supply chains. Over the past decade a model and algorithms for the placement of safety stocks in a supply chain have been developed. He will provide an overview of this work, its application and some of the key learning points. He will also describe ongoing research to enhance the model to include consideration of dynamic forecasts and capacity constraints. The second thrust examines capacity planning in a supply chain. A key challenge for any new product is to determine the right level and type of capacity investments across the supply chain. In this research, a supply chain for which each product can require several processes or supply capabilities and each resource provides capacity for one or more processes or supplies are considered. A multi-period model to determine capacity investments for these processes in the presence of demand uncertainty and contracts with different cost structure and duration is developed.
About the Speaker
Stephen Graves is the Abraham J Siegel Professor of Management Science at MIT (Massachusetts Institute of Technology). Professor Graves received his A.B. and M.B.A. from Dartmouth College and obtained his PhD in operations research from the University of Rochester. Since 1977 he has been on the faculty at MIT. He has previously served as a deputy dean at the MIT Sloan School, 1990 - 1993 and the co-director of the MIT Leaders for Manufacturing (LFM) Program (1989- 1990 and 1994 - 2001) and the System Design and Management (SDM) Program (1999 - 2001). He served a two-year term as the Chair of the MIT Faculty, 2001 - 2003. He has joint faculty appointments with both the Mechanical Engineering Department and the Engineering Systems Division at MIT.
He teaches classes in mathematical modelling and analysis, as applied to decision making in the context of manufacturing, supply chains and distribution systems. His primary research interests are in the design and planning of manufacturing systems and supply chains; recent efforts have considered supply-chain optimisation, the evaluation of manufacturing flexibility and various tactical issues arising in e-retailing. He has authored over 50 papers and is the co-editor of two handbooks: Logistics of Production and Inventory and Supply Chain Management: Design, Coordination and Operation. Professor Graves has served on several editorial boards for journals in operations management and management science, and has consulted in areas of production, logistics and distribution systems to several organisations. He has conducted industry-based research projects with numerous companies, including AT&T, IBM, Monsanto, Eastman Kodak, Amazon.com, Intel, General Motors, Boeing, Teradyne and Staples. He is a member of the Board of Advisors to Optiant and Invistics, and is the chief science advisor to JDA Software.
4.00pm: Q&A session
Who Should Attend
Researchers, academic staff, industry professionals and students of tertiary institutions.
Free admission. All are welcome. Pre-registration for the lecture is necessary. Seats are available on a first-come-first-served basis.
To reserve a seat, please email your name, job title, company name and contact number to: eventsPostmaster@SIMTech.a-star.edu.sg