Value Chain Risk Management

Catalog description

This course introduces the concept of global value chain for product and service oriented organizations. The design and management of resilient global value chain network is discussed to ensure cost-effective flow of goods and services. Theoretical and practical concepts such as risk prioritization, mitigation, and response measures are discussed with as real-world cases. Several risk mitigation methods such as Value at Risk (VaR), Utility theory, Decision Tree, Failure Mode and Effect Analysis (FMEA) are explained to manage value chain risks. The goal is to provide students with a solid understanding of value chain risk management using analytics and simulation tools. Prerequisite Course(s): Prerequisites: BUSI 620