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Supply Chain Simulation
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(A) Attempt all the questions.
1. Discuss the importance of supply chain simulation in today's business environment. Identify and describe the different types of supply chain simulation techniques and their applications.
2. Analyze the major business processes involved in supply chain management. Discuss the critical components of a supply chain and describe the procedures for conducting a supply chain simulation.
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(B Attempt all the questions.
1. Explain the bullwhip effect in supply chains and its impact on supply chain performance. Discuss how system dynamics can be used to model and mitigate the bullwhip effect.
2. Describe the process of modeling a traditional supply chain using causal loop diagrams. Propose a modeling framework for a traditional supply chain and discuss how this model can be applied to improve warehouse management.
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