Added by PI Blogger, 13 weeks ago

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Member Question:

Have you been able to utilize simulation or optimization modeling to solve a demand-side supply chain problem? If so, what was it?

My Response:

There have been numerous studies and reports on the various methods (i.e. Monte Carlo) used in determining supply chain optimization.

I would have to say that my preferred method has been to use the heuristic approach under an agent-based model in which the unique operating attributes of each stakeholder is understood separately before a collective outcome is identified and achieved.

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