How to use Simulation modeling to design a Mining Supply Chain…
Event: Anylogic International User Conference, 2015
In this presentation at the ANNYLOGIC 2015 user conference, Dr. Alan Barnard, CEO of Goldratt Research Labs and Dr. Andrey Malykhanov presents a simulation model they developed for an end-to-end mining supply chain to test whether a PUSH vs. PULL vs. HYBRID based supply chain management strategy will give the best customer service, profitability and cost/ton performance for supplier and customers. The “PULL” logic was based on the principles of Theory of Constraints (developed by Dr. Eli Goldratt) and the latest work by Dr. Nassim Taleb on how to design systems that are not just robust, but Antifragile – ones that are not harmed by, but can benefit from volatility.
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