Programme

Pr. Simchi-Levi is the Editor-in-Chief of Operations Research, the flagship journal of INFORMS, the former Editor-in-Chief of Naval Research Logistics and a member of the board for several scientific journals including Management Science, Networks, Transportation Science and Telecommunication Systems, and a former Area Editor of Transportation for Operations Research.

Pr. Simchi-Levi has co-authored The Logic of Logistics (1997 and 2004 editions); Designing and Managing the Supply Chain (1999, 2002 and 2007 editions) which received many awards; and Managing the Supply Chain: The Definitive Guide for the Supply Chain Professional (2003).

Keynote

Mitigating Business Risks

In the last few years we have seen an increase in the levels of risk and volatility faced by enterprises. Some recent examples include the unrest in the Middle East, inflation in China, the Japanese tsunami disruption, the Thailand floods, oil price volatility, product recalls and huge fluctuations in financial markets.

This requires business executives to systematically address business risks both the know-unknown operational risks as well as the unknown-unknown extreme risks. Unfortunately, there is very little that can be done after a disaster has occurred. Companies therefore need to devote more attention to planning their operations so they can better respond to mega disasters as well as more mundane operational problems.

In this talk, Prof. David Simchi-Levi identifies proven ways to analyze the different sources of risks, assess the impact on the business and build various mitigation measures into the business strategy.