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Web Event - Dynamic Supply Chain Management

Contents

Presented By

Warren B. Powell is the founder and director of CASTLE Laboratory at Princeton University. A Princeton faculty member since 1981, Powell created CASTLE Lab in 1992 to expand research in dynamic resource management.

The links below contain summaries of each company's work with CASTLE Lab.

Yellow Corporation
Air Mobility Command
Norfolk Southern Railroad
Burlington Northern Santa Fe Railroad
Air Products and Chemicals
Burlington Motor Carriers
Triple Crown Services

See a recording of this Web Seminar: Part One | Part Two 

Supply chains have to work fast in today's Internet-enabled marketplace. Production, transportation, and storage must rapidly respond to instant information. Coordinating operations is critical. Professor Warren Powell of Princeton University discusses the role information plays in dynamic supply chain management, and how companies can use optimization to coordinate decisions between groups and across organizations.

New way to model supply chains

Large optimization models are being replaced with many small models -- located where information is located and decisions are made. The challenge is making these models communicate, and providing solutions that allow different groups to behave as a single unit. The new Dynamic Resource Transformation Problems paradigm provides a single vocabulary that identifies issues often overlooked by classical optimization techniques:
  • Understanding the role and organization of information in making decisions
  • Modeling the behavior of resource layering
  • Modeling complex system dynamics
  • Capturing the organization of decision making and control
A new solution method called "optimizing simulators" introduces a powerful algorithmic approach that combines the flexibility of simulators with the intelligence of optimization.

Real-world benefits

While trucking, rail, and air may seem like very different operations, all can be classed as Dynamic Resource Transformation Problems. Illustrated with examples from actual case studies, Dr. Powell's presentation provides clear answers to tough problems:
  • How much product to stock, taking into account demand uncertainty and product substitution
  • How to reposition intermodal containers, anticipating future demand and the different types of containers available
  • Which driver to assign to move freight as new loads are called in and drivers become available
Firms and organizations that have successfully employed this technique include Yellow Freight System, Air Mobility Command, and Burlington Northern and Santa Fe Railway. Whether you're managing inventories or scheduling trucks, this FREE Web seminar can help you improve efficiency.

Who should attend

 Tell me about
future Live Online Conferences
This seminar is designed as an educational forum and is meant for strategic planners, analysts, and consultants who want to explore issues surrounding dynamic resource management. Anyone interested in transportation should attend this event.

New - FREE Magazine Issues & Subscriptions

e-Optimization.com has arranged for Web seminar attendees to receive FREE ISSUES OR SUBSCRIPTIONS AND TRIAL SUBSCRIPTIONS to these leading supply chain management and logistics and transportation publications.

You will be contacted after the web event for your choice from the following:

  • Supply Chain Technology News
  • In bound Logistics
  • Managing Logistics, Inventory Reduction Report or Supplier Selection & Management
  • ORMS Today
For further information, please contact Vince McCastle at (650) 567-8192 or vmccastle@e-optimization.com.
 

Related Material

New to Optimization?
Here are some introductory resources:
Air Transport Chemical Manufacturing
Railroads Trucking
Links
Search these sites to find more articles, documents, or books on optimization. We suggest you search for the following words and phrases:

Supply chain     Logistics     Logistics and transportation

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