Resilience by Design: The Power of Simulation in Supply Chain Strategy
Logistics Viewpoints
FEBRUARY 20, 2024
Optimization and simulation are the two main branches of SCND. Optimization accounts for over 90% of all work that is being done by SCND teams. This article describes how to incorporate simulation techniques into optimization, build a stochastic optimization model, and end up with a more resilient supply chain model.
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