Risk-Aware Procurement Optimization in a Global Technology Supply Chain
Speaker (s):
YANG Jingfeng
PhD Candidate
School of Computing and Information Systems
Singapore Management University
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Date:
Time:
Venue:
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14 September 2022, Wednesday
2:00pm - 2:30pm
Meeting Room 5.1, Level 5,
School of Computing and Information Systems 1,
Singapore Management University,
80 Stamford Road
Singapore 178902
Please register by 12 Sep 2022.
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About the Talk
Supply chain disruption, from ‘Black Swan’ events like the COVID-19 pandemic or the Russian invasion of Ukraine, to more ordinary issues such as labor disputes and adverse weather conditions, can result in delays, missed orders, and financial loss for companies that deliver products globally. Developing a risk-tolerant procurement strategy that anticipates the logistical problems incurred by disruption involves both accurate quantification of risk and cost-effective decision-making. We develop a supplier-focused risk evaluation metric that constrains a procurement optimization model for a global technology company. Our solution offers practical risk tolerance and cost-effectiveness, accounting for a range of constraints that realistically reflect the way the company’s procurement planners operate
This is a Pre-Conference talk for International Conference on Computational Logistics (ICCL 2022).
About the Speaker
Jingfeng Yang received the B.E. degree in transportation engineering from Shanghai Jiao Tong University, China in 2015 and M.S. degree in 2018. Now he is pursuing the Ph.D. degree in Computer Science in Singapore Management University. His research focuses on the optimization for urban logistics.
