Reliability assessment and an optimization approach of global supply chain system
Abstract
Due to global outsourcing, supply chain system has become more complex and has faced high
risks and disruptions. Many of the disruptions can occur at any time or any stage in the supply
chain. Nowadays, businesses and industries are losing effort and money due to those disruptions.
As a prescription to improve quality, effectiveness, and profitability of the supply chain,
companies would like to measure and optimize the reliability of the entire supply chain system.
In addition, companies are interested in minimizing the cost of processes throughout the supply
chain system. This thesis provides a pathway that measures the reliability rate of each component
involved in the system as well as for the overall supply chain. Furthermore, the study illustrates
an optimization model that helps to improve the reliability of the supply chain system with
taking the cost indication into account in order to fulfill the reliability requirements and reach
minimum cost. Results and findings of this thesis confirm that the presented mathematical model
can be applied to improve the supply chain system and the system can be improved to reach a
designed reliability target. This methodology can be a guide to developing supply chain system
planning with decreased costs
Description
Thesis (M.S.)--Wichita State University, College of Engineering, Dept. of Industrial and Manufacturing Engineering