Premium Essay

Summary of Henke

In:

Submitted By artemskiy88
Words 5549
Pages 23
Global Dual Sourcing:
Tailored Base Surge Allocation to Near and Offshore Production
Gad Allon and Jan A. Van Mieghem
Kellogg School of Management, Northwestern University, Evanston, IL 60208 September 25, 2008; Revised Oct 8, 2008

When designing a sourcing strategy in practice, a key task is to determine the average order rates placed to each source because that affects costs and supplier management. We consider a firm that has access to a responsive near-shore source (e.g., Mexico) and a low-cost offshore source (e.g., China). The firm must determine an inventory sourcing policy to satisfy random demand over time. Unfortunately, the optimal policy is too complex to allow a direct answer to our key question. Therefore, we analyze a tailored basesurge (TBS) sourcing policy that is simple, used in practice, and captures the classic tradeoff between cost and responsiveness. The TBS policy replenishes at a constant rate from the offshore source and produces at the near shore plant only when inventory is below a target. The constant base allocation allows the offshore facility to focus on cost efficiency while the nearshore’s quick response capability is utilized only dynamically to guarantee high service. The research goals are to i) determine the allocation of random demand into base and surge capacity, ii) estimate corresponding working capital requirements, and iii) identify and value the key drivers of dual sourcing. Given that even this simple TBS policy is not amenable to exact analysis, we investigate a Brownian approximation that yields a simple “square-root” formula that is insightful to answer our questions and sufficiently accurate for practice, as is demonstrated with a validation study.

1.

Introduction and Summary

A $10 billion high-tech U.S. manufacturer of wireless transmission components was at a crossroads regarding its global network.1 The company

Similar Documents

Premium Essay

Teaching Strategies for Reading

...Students will use the KWL Chart to Synthesize the story of Yen Sen: A Cinderella Story,by: AI-Ling Louie. They will order, recall, retell and recreate this story to form their own comprehensive perspectives. K What I Know | W What I Want To Learn | L What I Have Learned | Name ____________ Word Bank Word | Definition | Picture | Connections | Word | Definition | Picture | Connections | Word | Definition | Picture | Connections | Word | Definition | Picture | Connections | Date _________________________ | Subject: Reading Questioning/Answering | |   Reading Comprehension As students read the story then I will ask them to draw attention to a few vocabulary words by inserting short definitions. I would also ask open-ended questions in which children must provide explanations rather than one-or two-word responses. After reading, we will discuss vocabulary words in the context of the story and in other contexts.   Facts: | Brown Bear, Brown Bear What Do You See by: Bill Martin |   | Brown Bear is going on an adventure. He will be exploring the jungle and viewing it through his own eyes. As you read this story you will be focusing on the events that happen as Brown Bear travels. There will be pages that may not have any words on them. You will need to study the pictures and add your own comprehension of the story. | | Question:...

Words: 1259 - Pages: 6

Free Essay

Innubus

... It does not necessarily represent the views of the company, its owner, or its employees. All of them make no warranty, express or implied, and assume no legal liability for the information in this report; nor does any party represent that the use of this information will not infringe upon privately owned rights. This report has not been approved or disapproved by the company nor has the company passed upon the accuracy or adequacy of this information in this report. Acknowledgments We thank our colleagues Han-Sung Park and Su Hyeon Lee for external and internal analysis assistance. We thank Dr. Harm-Jan Steenhuis, for providing advice and encouragement as well as valuable support and assistance throughout the project. Executive Summary Over the last two years of loosing profit, InnoBus has made clear a need for the company to have an effective decision to solve this problem. Negative impacts of the current operation and strategy (or lack thereof), has further emphasized this need. There are several potential solutions for this type of problem; however decisions for a company of this size should be made through careful analysis. There are many collaboration tools that could provide significant advantages to InnoBus in its effort to address the need for improved operation. Any potential solution would need to come through a high-scientific analysis that enables the owner of the company (Mr. de Koning) to review, maintain, share and synchronize at any level. In addition...

Words: 11321 - Pages: 46

Premium Essay

Juju

...Page 1 Evaluating Web-Based Instructional Design © Copyright Harold Henke, 1997, 2001 all rights reserved Author’s note: This paper was written in 1997 as a project paper for a course on Human-Computer Interaction. This paper was reformatted in June, 2001. Page 2 Table of Contents List of Illustrations...................................................................................... 3 List of Tables............................................................................................... 3 Chapter 1: Introduction .............................................................................. 4 Problem Statement .................................................................................... 4 Chapter 2: Literature Review ...................................................................... 5 Definition of Web-Based Instruction............................................................. 5 Importance of Web-Based Instruction ........................................................... 5 Web-Based Instruction Design Issues ........................................................... 6 Chapter 3: Methodology Design .................................................................. 7 Top Ten Web Design Mistakes ..................................................................... 7 Interface Design for Computer-based Learning Environments........................... 8 Measurement Scores ........................................................

Words: 6250 - Pages: 25

Free Essay

Time

...Manage Your Energy, Not Your Time by Tony Schwartz and Catherine McCarthy The science of stamina has advanced to the point where individuals, teams, and whole organizations can, with some straightforward interventions, significantly increase their capacity to get things done. Steve Wanner is a highly respected 37-year-old partner at Ernst & Young, married with four young children. When we met him a year ago, he was working 12- to 14-hour days, felt perpetually exhausted, and found it difficult to fully engage with his family in the evenings, which left him feeling guilty and dissatisfied. He slept poorly, made no time to exercise, and seldom ate healthy meals, instead grabbing a bite to eat on the run or while working at his desk. Wanner‟s experience is not uncommon. Most of us respond to rising demands in the workplace by putting in longer hours, which inevitably take a toll on us physically, mentally, and emotionally. That leads to declining levels of engagement, increasing levels of distraction, high turnover rates, and soaring medical costs among employees. We at the Energy Project have worked with thousands of leaders and managers in the course of doing consulting and coaching at large organizations during the past five years. With remarkable consistency, these executives tell us they‟re pushing themselves harder than ever to keep up and increasingly feel they are at a breaking point. The core problem with working longer hours is that time is a finite resource. Energy...

Words: 5137 - Pages: 21

Premium Essay

Critical Chain

...CRITICAL CHAIN METHOD Critical Chain Project Management (CCPM) is a methodology for planning, executing and managing projects in single and multi-project environments. Critical Chain Project Management was developed by Dr Eli Goldratt and was first introduced to the market in his Theory of Constraints book “Critical Chain” in 1997. It was developed in response to many projects being dogged by poor performance manifested in longer than expected durations, frequently missed deadlines, increased costs in excess of budget, and substantially less deliverables than originally promised. Problems with traditional project management When planning for an upcoming project, estimates for task durations are required. In order for the plan to be treated as realistic, much time is spent ensuring estimates are accurate. Accurate estimates give us increased probability and high-confidence in the task completing on time. This allows additional safety time beyond the work content time required to be embedded within the task duration. The more safety in a task the more there is a tendency to behave in the following ways: * Not starting the task until the last moment  (Student Syndrome) * Delaying completion of the task  (Parkinson’s Law) * Murphy’s Law Student Sydnrome: The student syndrome is a form of procrastination, but it usually includes more of a plan and sincerely good intentions. For example, if a student or group of students goes to a professor and asks for an extension...

Words: 2444 - Pages: 10

Premium Essay

How to Write a College Paper

...ite aHOW TO WRITE COLLEGE RESEARCH PAPERS Mayland Community College S.O.A.R. Program 2004 As a college student you will be required to write research papers for many of your classes. A research paper is an in-depth report on a particular topic. It involves seeking sources of information that may include facts, statistics, historical writings, etc. The topic is usually one that you select, although the instructor may assign a topic area. This module is divided into two sections. The first section deals with the basics of developing and writing research papers. The second section covers information on different types of papers. You will learn how to approach writing assignments, how to find and document resources, how to prepare an outline, how to present your papers, and how to avoid plagiarism. Section One covers the following topics: 1. Getting Started 2. Brainstorming Your Topic 3. Beginning Your Research 4. Outlining Your Paper 5. The First Draft 6. Writing the Paper 7. Proofreading and Revising 8. Documenting (Citing) Your Sources 9. Delivery Section Two covers: 1. 2. 3. 4. Book Reports Term (Research) Papers Short and Long Reports Avoiding Plagiarism 1. GETTING STARTED The first step in any research paper assignment is to decide on your topic. Be sure your topic is manageable, meaning you can cover it adequately; it is appropriate to the topic; and it is interesting to you. For example, in Sociology class you may be studying changes in society. The broad theme...

Words: 5086 - Pages: 21

Premium Essay

Managerial Accounting

...wiL1084x_fm_i-xxiv_1.indd Page i 1/10/11 7:53:00 PM user-f499 /Users/user-f499/Desktop/Temp Work/Don't Delete Job/MHBR231:Wild:203 Managerial Accounting John J. Wild University of Wisconsin at Madison Ken W. Shaw University of Missouri at Columbia 3 rd edition wiL1084x_fm_i-xxiv_1.indd Page ii 1/10/11 9:14:31 PM user-f499 /Users/user-f499/Desktop/Temp Work/Don't Delete Job/MHBR231:Wild:203 To my students and family, especially Kimberly, Jonathan, Stephanie, and Trevor. To my wife Linda and children, Erin, Emily, and Jacob. MANAGERIAL ACCOUNTING Published by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY, 10020. Copyright 2012, 2010, 2007 by The McGraw-Hill Companies, Inc. All rights reserved. No part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written consent of The McGraw-Hill Companies, Inc., including, but not limited to, in any network or other electronic storage or transmission, or broadcast for distance learning. Some ancillaries, including electronic and print components, may not be available to customers outside the United States. This book is printed on acid-free paper. 1 2 3 4 5 6 7 8 9 0 DOW/DOW 1 0 9 8 7 6 5 4 3 2 1 ISBN 978-0-07-811084-9 MHID 0-07-811084-X Vice president and editor-in-chief: Brent Gordon Editorial director: Stewart Mattson Publisher: Tim...

Words: 10500 - Pages: 42

Premium Essay

Sdsdsds

...International Journal of Market Research Vol. 54 Issue 4 Children’s attitudinal reactions to TV advertisements The African experience Ayantunji Gbadamosi Robert E. Hinson University of Ghana University of East London Eddy K. Tukamushaba Irene Ingunjiri Strathmore University Hong Kong Polytechnic University This paper is aimed at exploring African children’s attitudinal reactions to television advertisements . A total of 65 children from four African countries – Ghana, Nigeria, Kenya and Uganda – participated in 12 focus group discussions on the subject matter . Findings suggest that they like television advertising in relation to its entertainment features – especially when the messages feature children characters, cartoons, music, celebrities and humour – and those promoting foods . They also derive excitement from advertising messages that are presented in Pidgin language and/or humorously integrated with local languages . However, they have an aversion to messages that terrify them and those they consider boring . This paper supplements the existing literature on the attitudes of children to advertising, but from Africa as a different contextual platform . It also suggests directions for the effective use of marketing communications strategies in relation to television advertising for marketers and other bodies with special roles in communicating with children such as government agencies and NGOs . Introduction Advertising to children as a topic has attracted...

Words: 9881 - Pages: 40

Premium Essay

Research Papers

...Internship Report           on                           Experiential Retail of  OTOBI Ltd.  Internship Report On Experiential Retail of OTOBI Ltd. BUS-400 Submitted To: Suman Paul Chowdhury (Main Advisor) Senior Lecturer BRAC Business School Submitted By: Shahriyar Hasan ID: 05304052 BRAC Business School Mahmudul Haq (Second Advisor) Assistant Professor BRAC Business School Date: 9th May, 2010 Executive Summary After getting the four years theoretical knowledge in BBA it is very interesting to match with the practical experience. And this Understanding practical implications and applications is the next step in the learning process after studying the theoretical concepts of a particular topic. This report is on the Experiential Retail of a well-known business organization “Otobi” which is the first Multinational Company in Bangladesh. In writing this report I came to know about different facets of Retail business and creating the brand equity about the Brand “Otobi”. In recent years, discussions on the growing economic importance of experience-based consumption have become a dominant theme in literature where consumer preferences are of concern. An increased focus on experiences is also evident in the retail sector of Otobi as it has been suggested that it is important to create emotionally engaging experiences for in-store consumers. Several research articles concerned with ‘‘experiential retailing’’, ‘‘entertaining experiences’’ ‘‘entertaining and...

Words: 9140 - Pages: 37

Premium Essay

The Boeing 787 Dreamliner Story

...Global Partnering: The Boeing 787 Dreamliner Story? VERSION 1.2 This case was prepared using publicly available information by Sveinn Vidar Gudmundsson, Professor, Toulouse Business School, France. It is intended to be used as a basis for class discussion rather than to illustrate either effective or ineffective handling of an administrative situation. Copyright © 2015 S V Gudmundsson, Toulouse, France. Global Partnering: The Boeing 787 Dreamliner Story? C28-1-2015-1.1 "In retrospect, our 787 game plan may have been overly ambitious, incorporating too many firsts all at once -- in the application of new technologies, in revolutionary design-and-build processes, and in increased global sourcing of engineering and manufacturing content." Boeing CEO, Jim McNerney Speech in the Wings Club of New York on November 11, 2014 When giants learn to dance The world's second-largest commercial aircraft-maker, Boeing a Chicago-based aerospace giant, was founded in 1916 in Seattle by William Boeing. In 2013 the company earned $86.623 billion in combined sales for defense and commercial aircraft divisions. The U.S. aerospace industry achieved $273 billion in sales in 2013.1 All told, Boeing and its subsidiaries employ 168,000 (160.000 in 2009) people. Boeing is the 24th largest U.S. employer, including private companies and government. Boeing, with almost half of its workforce located in Seattle, was adamant that modern economics dictate a new strategic model for the company,...

Words: 9682 - Pages: 39

Premium Essay

Exploratory Study on How the Ceo Facilitates

...Final Research Report - 7051-141-1 Colin Brand Page 1 of 240 EXPLORATORY STUDY ON HOW THE CEO FACILITATES THE STRATEGIC MANAGEMENT PROCESS WITHIN SMALL/MEDIUM SIZED COMPANIES ON THE JOHANNESBURG STOCK EXCHANGE (R10 – 80 MIL TURNOVER) A Research Report presented to the GRADUATE SCHOOL OF BUSINESS LEADERSHIP UNIVERSITY OF SOUTH AFRICA FINAL RESEARCH REPORT In partial fulfilment of the requirements for the MASTERS DEGREE IN BUSINESS LEADERSHIP UNIVERSITY OF SOUTH AFRICA BY COLIN GEORGE BRAND “A true leader has the confidence to stand alone, the courage to make tough decisions and the compassion to listen to the needs of others. He does not set out to be a leader, but becomes one by the equality of the integrity of his intent” (Douglas McArthur) Final Research Report - 7051-141-1 Colin Brand Page 2 of 240 ACKNOWLEDGEMENT PAGE This report is dedicated to the following exceptional people in my life, without whom, this would not have been possible. Special mention is to be made of Lindsay, my wife, for all her support. • Lindsay, Tamara, and Kyndra-Lee for their support and tolerance during a long and trying time. My sincere thanks and appreciation is extended to: • Professor Makin for her guidance. • Dr Sidney Shipham for his guidance. • The CEO’s, for affording me the opportunity to survey their environment as well as the Functional Managers, Supervisors and other members of companies who assisted by taking the time to complete the survey. • Professor...

Words: 58901 - Pages: 236

Free Essay

Code of Ethics

...서울대학교 法學 제51권 제3호 2010년 9월 125∼180면 Seoul Law Journal Vol. 51 No. 3 September 2010. pp. 125∼180 글로벌 금융위기와 금융산업의 구조재편* - 금융산업의 역사와 발전전략 1) 金 和 鎭 요 약 ** 이 논문은 글로벌 금융위기 이후 진행되어 온 미국과 유럽 금융산업의 재편 동향을 정리하고 그로부터 정책적 시사점을 찾기 위한 것이다. 특히, 미국에서 투자은행업과 상업은행업을 재분리하려는 개혁 움직임이 2010년 7월에 제정된 미국의 금융규제 개혁법에 어떻게 반영되었는지를 역사적 배경과 함께 살펴보았다. 현재 국내에서 진행 되고 있는 유니버설뱅킹과 메가뱅크 논의가 미국과 유럽에서의 움직임으로부터 어떤 영향을 받을 것인지를 진단하였고 미국과 유럽의 주요 은행들의 사례를 검토하였다. 이 논문은 미국에서의 논의는 미국 특유의 정치적 상황의 부산물이므로 미국에서의 제도변화 동향에 지나치게 민감하게 반응하지 않으면서 메가뱅크 계획보다는 유니 버설뱅크 계획을 추진하는 것이 바람직하다고 결론 내린다. 이 논문은 상업은행업과 투자은행업간의 업무 경계획정 기준은 상업은행은 국가가 제공하는 안전망의 보호 하에 있기 때문에 그를 망각하지 않는 범위 내에서만 영업활동이 허락되어야 한다는 것으로 설정하자고 제안한다. 주제어: 상업은행, 투자은행, 유니버설뱅킹, 미국 금융규제개혁법, 헤지펀드 * 이 논문은 필자가 2010년 4월과 8월에 각각 한국금융투자협회에 제출한 연구보고서의 일부에 기초하였다. 이 논문에 귀중한 코멘트를 해 주신 심사위원님들께 감사드린다. ** 서울대학교 법과대학⋅법학대학원 부교수. 126 서울대학교 法學 제51권 제3호 (2010. 9.) I. 머리말 1. 문제 2008년 글로벌 금융위기 이후 새로운 국제금융질서를 모색하기 위한 범세계적인 노력이 전개되고 있다. 특히, 자본시장과 금융회사들에서 발생한 리스크가 적절히 통제되지 못하고 금융위기의 직접적인 원인이 되었으므로 이에 관한 문제의 포착과 해법의 발견에 많은 노력이 기울여지고 있다. 과도하게 복잡해지고 지나친 레버리 지를 사용한 금융상품의 거래 비중이 높아졌으나 그에 대한 각국 정부의 감독부족과 시장 투명성 확보 실패, 금융회사의 내부통제 기능 마비가 문제였음이 지적된다. 통상 서브프라임 모기지 시장의 붕괴와 파생금융상품의 과도한 판매와 유통이 금융 위기의 직접적인 원인이 되었다고 지적되나1) 글로벌 금융위기는 아직도 계속되고 있기 때문에 그 원인에 대한 본격적인 학술적인 연구는 아직 출현이 이르다. 금융 위기의 과정과 거대 금융기관들의 몰락, 구조조정을 다루는 책과 논문들이 이제 서서히 등장하고 있을 뿐이다. 아마도 이는 후세의 역사가들에게 1차 세계대전의 원인이 어디에 있었는지를 규명하는 작업처럼 어려운 과제가 될 것이다. 글로벌 금융위기의 발원지인 미국에서는 포괄적인 금융개혁이 진행되고 있으며 그 중 가장 중요한 것으로 상업은행업무와 투자은행업무를 다시 분리시키려는...

Words: 17437 - Pages: 70

Free Essay

Web Development

...e eBook Collection Web Development and Design Foundations with XHTML 5e Ch01 This is a Protected PDF document. Please enter your user name and password to unlock the text. User Name: Password: Unlock Remember my user name and password. If you are experiencing problems unlocking this document or you have questions regarding Protectedpdf files please contact a Technical Support representative: In the United States: 1-877-832-4867 In Canada: 1-800-859-3682 Outside the U.S. and Canada: 1-602-387-2222 Email: technicalsupport@apollogrp.edu. yksin vaihtoehdot jokaisella varsantylysti asetettu tyhja kuninkaansa arvoista tuliuhriksi ruokauhri kasvojesi asetti sinne toivo aloitti hurskaat omaksennesairastui hapeasta istuvat paikalleen yha puhettaan pohjin pahoin neljakymmenta seura aidit ristiinnaulittu ajattelemaan julistetaan aviorikosta tuomari tekonsa hapeasta todistaja haluja asekuntoista selkaan merkit vaikene lukujen raamatun pelaamaan nousu tutkin kaksi rukoukseni viisaasti tuomitaankaupungille sukupuuttoon pysya viikunoita taydelta syokaa vuosina tyhman joukkueella nainkin luoksemme kuun valttamatonta ajoivat voimallinen noissa kysyn tarkkaa tiedan rienna oikeastaanulkomaan luokseen monista myota katsonut tuollaista tuodaan ahab rikollisuuteenT E R mennessaan kohden myyty pelastaajano uutisia teoriassa erillinen sivuillesilleen el CHAP tulevaa veljiennemaaritelty lukemalla suurelta kuullenmuotoon kiekon annan kimppuunsa kumpaakaan juutalaisia paime lahtee osaksenne...

Words: 28816 - Pages: 116

Free Essay

Descriptive Paper

...É eBook Collection Unlock | Photo Credit: © somchaij/ShutterStock.com. Second Photo: Gary Bate/Digital Vision/Getty Images. vuodessa palasiksi lopettaa toiminta talon kirjoitit kuulit otetaan opete rikota valiverhon joissain pidettava siipien ikina havitysta fariseukset laivat murskaakatto kolmesti kodin lyhyt liike tarkoitustajarjestelma turvata tekijan sydamemme arsyttaa pitaen vaatteitaan sarveatulisi vapauta kasvu teita silmieni runsaasti maat hetkessa tuosta melkein uhrattava poikani palvelija muodossayritan pysahtyi sitten kuusi harva rikkaattaulukon noilla yhtalailla tekoja nakisi markan joukkoin ulkoapain jota naisista syttyi kyselivat kirjakaaro viimeisia kolmesti sovituksen tuottanut pelle johtaa jaakiekon oma harha monet muurien tyotaan egyptilaisen tiesi kaupungeista kyseliva palvelette apostoli seitsemansataa Chapter 7 mahtavan tuho versoo maahanne faktaa terve sotivat erottamaan tuhota maaksi aanesi tanaan vaatinut koodi kysymyksia kutakin pelastaa johtavatjoksikin tunn oikeastaanvallannutperustan sydan palvelijan tiedattehan vakisinkin palvelette uskovia tulivatmelkein suuren tulevasta teurasti pojalleen jatkui kohtalo tapahtuma jalkelaisilleen haluaisivat korkeuksissa luvunv tuolla jo syntiset uskoton lasku pelissa taikka ajatelkaa hurskaat turhia tiedatko apostolien THINKING puhettaan opastaa passia palasivat kukkuloilla korjaa tehtavat naton voidaanko aaronille hoidon ruumista tappamaan liigassa pohjalta maaliin kuollutta...

Words: 49621 - Pages: 199

Premium Essay

Purchasing and Supply Management

...The fourteenth edition of Purchasing and Supply Management focuses on decision making throughout the supply chain. Based on the conviction that supply managers, in concert with suppliers and distributors, have to contribute to organizational goals and strategies, this edition continues to focus on how to make that mission a reality. Fourteenth Edition Highlights of the Fourteenth Edition: More than 40 real-life supply chain cases afford the opportunity to apply of the acquisition process. Criteria for supply decisions have been organized into three categories: (1) strategic, (2) operational, and (3) additional. In this third category, new factors such as balance sheet and income statement considerations, dimensions of risk, and environmental and social considerations are considered. Visit the text’s Online Learning Center at www.mhhe.com/Johnson14e Michiel R. Leenders, D.B.A., PMAC Fellow Professor of Purchasing Management Emeritus Richard Ivey School of Business The University of Western Ontario Anna E. Flynn, Ph.D., C.P.M. Formerly Clinical Associate Professor Supply Chain Management Thunderbird School of Global Management Formerly Associate Professor Institute for Supply Management TM Johnson Leenders Flynn Purchasing and Supply Management Johnson Leenders Flynn MD DALIM #1093963 06/05/10 BLUE GREEN P. Fraser Johnson, Ph.D. Leenders Purchasing Management Association of Canada Chair Associate Professor, Operations Management ...

Words: 188430 - Pages: 754