Virtual Laboratory on Simulation and Gaming

Supply Chain Risk Pooling Decision Using Simulation


Module Learning Objectives:

  • To understand the purpose and importance of Risk Pooling.

  • To understand the trade-offs in the "Risk Pooling" model.

  • To learn the basics of Simulation

  • To apply the simulation procedure to the "Risk Pooling" model for making a decision in case of a Normally Distributed Demand.

Module Assignments:

  • Study the Theory and Video Tutorial thoroughly.

  • Go to on-line Simulator and conduct experiments.

  • Complete the on-line quiz to evaluate your learning.