Summaries and study services for International Business Bachelor 1 at the University of Groningen
- This page contains study materials for the study IB Bachelor 1 at the University of Groningen (UG).
In this bundle summaries, exam questions and lecture notes will be shared for the course Global Supply Chain management, International Business, Year 1 University Groningen.
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These lecture notes are based on the subject Global Supply Chain Management of 2015-2016. Lecture 1 focuses mainly on:simulationDeterministic performance estimationBoth are approaches to to analyze and design a process.There are different criteria to determine if a design is good or bad. A design is made in a flow diagram. These criteria are used to analyze the design. The main goal of analyzing a design, is to attain contiguous improvement.Differences :Deterministic: easy and fast, but rough overviewSimulation: long and complex, but gives a better and more specific outcome.Simulation:Simulation experiments many times, and tries to duplicate a real environment into its model. Mathematically, a real world situation is imaged. After wards, a conclusion is stated, and a company will decide if it will adapt to this conclusion.Main advantages:It is used in difficult situationsThere is no investment neededUncertainty is incorporated, so it is very functional in real lifeMore solutions are shownMain disadvantages:Analyzing and interpreting outcomes is difficultHigh computation timeDifficult to makeValue of the result is overestimated many timesMost of the large companies use this method.To be able to understand the following topic, one must understand the following things:Throughput timeWork-in-progressBottleneckThroughput/departure rateUtilization & efficiencyDeterministic performance analysis:There is a distinction between deterministic and stochastic determination timeDeterministic: everything is known in advanceStochastic: things might change, not everything is known in advanceIn order to know...
Lecturer notes Josam Nandwa Mu... contributed on 04-02-2020 12:52
Kindly send me the notes on supply chain management
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