Funding Source: Ford Motor Company
This research focuses on the development of a decision support framework for robust sourcing to minimize production losses due to supplier issues. In particular, we will focus on i) statistical analysis to understand parts and supplier history with respect to issues such as delay, quality, delivery, etc. and ii) an optimization model to maximize profit accounting for the added complexity of managing and supporting a dual sourcing strategy as well as the benefits associated with a reduced likelihood of a delay in the launch of a new product.
