Collaborative Research on Risk Management in Supply Chains Using Market Information

利用市场信息的供应链风险管理协作研究

• 批准号: 0800628
• 负责人: Sridhar Seshadri
• 金额: $ 10.07万
• 依托单位: New York University
• 依托单位国家: 美国
• 项目类别: Standard Grant
• 财政年份: 2008
• 资助国家: 美国
• 起止时间: 2008-06-01 至 2009-02-28
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=0800628&HistoricalAwards=false
• 关键词: Collaborative; Research; Risk; Management; Supply

NSF Proposal # 0800628: Management in Supply Chains Using Market InformationAbstract: This grant provides funding for the development of risk management tools for supply chains using market information. Preliminary studies have shown that the demand for discretionary purchase items, such as automobiles, apparel, consumer electronics, and home furnishings is correlated with the movement of economic indicators. These findings present an opportunity to use information about market expectations embedded in the prices of financial instruments to improve demand forecasting, production planning, and inventory thus reducing risk. This project aims to establish that the market indicators can be used to plan inventories in supply chains that are optimal not just in a static sense but also dynamically, and to test whether and how the value of the firm is correlated with the economic indicators driving the forecasts. The proposed work also includes the examination of the effect of price information on inventories when the price of the product can be forecasted using prices of traded market instruments. The project consists of four parts: forecasting, optimal decision-making, hedging, and empirical validation. If successful, this research will lead to better understanding of the connections between economic factors with supply chain demand and inventory planning. The results will provide a mechanism to inventory planners to use readily available and reliable market information for inventory planning, profit forecasting, and hedging purposes. They also provide a systematic method for developing and testing profit and risk equations using models of supply chains, and allow the enterprises to better understand how the cost of procurement and the volatility of prices and demand affect risk in a simple and joint manner, and thus, the firms will be able to make use of market factors in designing inventory and production systems.

NSF提案＃0800628：使用市场信息摘要中的供应链管理管理：该赠款为开发风险管理工具提供资金，用于使用市场信息的供应链。初步研究表明，对自行车，服装，消费电子产品和家庭家具等可支配购买项目的需求与经济指标的运动有关。这些发现为使用有关金融工具价格嵌入的市场期望的信息提供了一个机会，以改善预测，生产计划和库存，从而降低风险。该项目旨在确定市场指标可用于规划供应链中不仅在静态意义上而且动态上最佳的供应链中的库存，并测试公司的价值是否以及如何与推动预测的经济指标相关。拟议的工作还包括检查价格信息对库存的影响时，当可以使用交易市场工具的价格预测产品价格时。该项目由四个部分组成：预测，最佳决策，对冲和经验验证。如果成功，这项研究将使人们更好地了解经济因素与供应链需求和库存计划之间的联系。结果将为库存规划师提供一种机制，以使用随时可用且可靠的市场信息进行库存计划，利润预测和对冲目的。他们还提供了一种使用供应链模型来开发和测试利润和风险方程式的系统方法，并允许企业更好地了解采购成本以及价格和需求的波动如何以简单和共同的方式影响风险，因此，公司将能够在设计库存和生产系统中利用市场因素。