An interesting story. Could apply to shipping too. Shortage of certain rail cars leads to malfunction in the supply chain. Same thing happens when ships of a sort are taken out of service– long ramp up time.
Pains, Trains & Automobiles « The Operations Room
Posted in Logistics, Production Operations, Supply Chains
This is a very important technique and everyone in manufacturing is starting to do it. Like any other operational technique, if it works, and you don’t do it, you won’t be competitive in your industry. So every young executive owes it to yourself to get familiar with the techniques and risks of hedging.
Hedging and Improving against the Loonie « The Operations Room
Posted in Logistics, Production Operations, Strategy, Supply Chains
OR’s and ICU’s are an expensive resource for a hospital. Read about how a hospital is keeping people out of the ICU when they don’t need it. It’s an interesting application of operations theory. And it evokes some of the conflicting emotions that operations research and operations management often does. Capacity is managed by denying service to people who don’t need it. Is this bad service? or good use of scarce resources? And will the customers be happy? If they have a higher survival rate, they should be. But of course people often do not behave rationally.
Managing capacity of itensive care units « The Operations Room
Posted in Production Operations, Supply Chains
Supply Chain Digest Port Technology International Marine Link
