Multiple Sourcing Effects in the Expansion of Panama Canal

Open Access
Author:
Chen, Yuexi
Graduate Program:
Industrial Engineering
Degree:
Master of Science
Document Type:
Master Thesis
Date of Defense:
None
Committee Members:
  • Vittaldas V Prabhu, Thesis Advisor
Keywords:
  • Multiple Sourcing
Abstract:
With the expanding of Panama Canal, suppliers along the East coast are facing challenges of shift in cargo, while customers earn benefits for more suppliers to choose from. The study will discuss the impact of Panama Canal expansion along the supply chain, by analyzing the change of risk and uncertainty due to involvement of multiple suppliers (sources); and give customers insights of how to choose among a number of suppliers. The Panama Canal expansion problem will be fitted into a Beer Game model with multiple suppliers. Later in the article will analyze the problem by using various kinds of optimization methods in the area of supply chain management. Detailed problem formulation will be provided with multiple criteria. After that recommendations will be made to the customers.