Financial and financial engineering considerations in supply chain and product development pipeline management

Computers and Chemical Engineering

Volumn 33, Issue 12, 2009, Pages 1999-2011

  Lainez J M ^b   Puigjaner, L ^b   Reklaitis, G V ^a  

^a PURDUE UNIVERSITY   (United States)

^b UNIVERSITAT POLITÈCNICA DE CATALUNYA   (Spain)

Author keywords

Corporate value; Flexibility; Inventory management; Product portfolio management; Risk management; Supplier customer relationships; Supply chain management

Indexed keywords

CUSTOMER RELATIONSHIPS; DECISION PROBLEMS; FINANCIAL ENGINEERING; GENERAL CLASS; INNOVATIVE APPROACHES; INTENSIVE RESEARCH; INVENTORY MANAGEMENT; MILP FORMULATION; MULTI-STAGE; OPTION CONTRACTS; PIPELINE MANAGEMENT; PROCESS OPERATION; PROCESS SYSTEMS ENGINEERING; PRODUCT FAILURES; PRODUCT PORTFOLIO MANAGEMENT; STRATEGIC MANAGEMENT; SUPPLIER-CUSTOMER RELATIONSHIPS;

CUSTOMER SATISFACTION; FINANCIAL DATA PROCESSING; INVENTORY CONTROL; INVESTMENTS; LOGISTICS; PIPELINES; PRODUCT DEVELOPMENT; PUBLIC RELATIONS; RISK ANALYSIS; RISK MANAGEMENT; SALES; STOCHASTIC SYSTEMS; STRATEGIC PLANNING; SUPPLY CHAIN MANAGEMENT; SUPPLY CHAINS; SYSTEMS ENGINEERING;

RESEARCH AND DEVELOPMENT MANAGEMENT;

EID: 71749093661     PISSN: 00981354     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.compchemeng.2009.06.025     Document Type: Article

References (51)

1. Badell M., Nougues J.M., and Puigjaner L. Integrated on line production and financial scheduling with intelligent autonomous agent based information system. Computers & Chemical Engineering 22 (1998) s271-s278
2. Badell M., Romero J., Huertas R., and Puigjaner L. Planning, scheduling and budgeting value-added chains. Computers & Chemical Engineering 28 (2004) 45-61
3. Bassok, J., Anupindi, R. (1997). Analysis of supply contracts with commitments and flexibility. Working paper. Northwestern University.
4. Bassok J., and Anupindi R. Analysis of supply contracts with total minimum commitment. IIE Transactions 29 5 (1997) 372-381
5. Baumol W.J. The transactions demand for cash: An inventory theoretic approach. Quantitative Journal of Economy 66 4 (1952) 545
6. Blau G.E., Pekny J.F., Varma V.A., and Bunch P.R. Managing a portfolio of interdependent new product candidates in the pharmaceutical industry. Journal of Product Innovation Management 21 94 (2004) 227-245
7. Buffet, W. (1994). Annual report. Tech. Rep., Berkshire Hathaway Inc.
8. Cachon G.P., and Lariviere M.A. Supply chain coordination with revenue sharing contracts: Strengths and limitations. Management Science 51 1 (2005) 30-44
9. Chen C.L., Wang B.W., and Lee W.C. Multi-objective optimization for a multienterprise supply chain network. Industrial & Engineering Chemistry Research 42 (2003) 1879-1889
10. Clark A., and Scarf H. Optimal policies for a multi-echelon inventory problem. Management Science 6 4 (1960) 475-490
11. Colvin M., and Maravelias C.T. A stochastic programming approach to clinical trial planning in new drug development. Computers & Chemical Engineering 32 11 (2008) 2626-2642
12. Fandel G., and Stammen M. A general model for extended strategic supply chain management with emphasis on product life cycles including development and recycling. International Journal of Production Economics 89 (2004) 293-308
13. Gjerdrum J., Shah N., and Papageorgiou L.G. Transfer prices for multienterprise supply chain optimization. Industrial & Engineering Chemistry Research 40 (2001) 1650-1660
14. Glasserman P., and Tayur S. Sensitivity analysis for base-stock levels in multiechelon production-inventory systems. Management Science 41 2 (1995) 263-281
15. Graves S.C., and Willems S.P. Optimizing strategic safety stock placement in supply chains. Manufacturing & Service Operations Management 2 1 (2000) 68-83
16. Guillén G., Badell M., Espuña A., and Puigjaner L. Simultaneous optimization of process operations and financial decisions to enhance the integrated planning/scheduling of chemical supply chains. Computers & Chemical Engineering 30 (2006) 421-436
17. Harsanyi, J. C. (1977). Rational behavior and bargaining equilibrium in games and social situations. Tech. Rep. Cambridge University.
18. Howard B.B., and Upton M. Introduction to business finance (1953), McGraw-Hill, New York
19. Hynes M.D. Addressing escalating drug development cost through improved resource management: A pharmaceutical product research and development case study. In: Ierapetritou M., Bassett M., and Pistikopoulos S. (Eds). Fifth international conference on foundations of computer aided process operations (2008), Omnipress, Cambridge 103-108
20. Jeuland A., and Shugan S. Marketing science. Managing Channel Profits 2 (1983) 239-272
21. Jung J.Y., Blau G., Pekny J.F., Reklaitis G.V., and Eversdyk D. A simulation based optimization approach to supply chain management under demand uncertainty. Computers & Chemical Engineering 28 (2004) 2087-2106
22. Jung Y.J., Blau G., Pekny J.F., Reklaitis G.V., and Eversdyk D. Integrated safety stock management for multi-stage supply chain under production capacity constraints. Computers & Chemical Engineering 32 (2008) 2570-2581
23. Laínez J.M., Guillén-Gozálbez G., Badell M., Espuña A., and Puigjaner L. Enhancing corporate value in the optimal design of chemical supply chains. Industrial & Engineering Chemistry Research 46 23 (2007) 7739-7757
24. Laínez J.M., Reklaitis G.V., and Puigjaner L. Enhancing value in supply chains by integrating capacity allocation decisions and R&D pipeline management. In: Ierapetritou M., Bassett M., and Pistikopoulos S. (Eds). Fifth international conference on foundations of computer aided process operations (2008), Omnipress, Cambridge 103-108
25. Lariviere M. Supply chain contracting and coordination with stochastic demand. Quantitative models for supply chain management. International series in operations research & management science (1998), Kluwer Academic Publishers, Massachusetts p. 233
26. Lee H.L., and Billington C. Material management in decentralized supply chains. Operations Research 41 5 (1993) 835-847
27. Lerner E., and Stone J. Simulating a cash budget. California Management Review 11 2 (1968) 78
28. Levis A., and Papageorgiou L.G. A hierarchical solution approach for multi-site capacity planning under uncertainty in the pharmaceutical industry. Computers & Chemical Engineering 28 (2004) 707-725
29. Maravelias C.T., and Grossmann I.E. Simultaneous planning for new product development and batch manufacturing facilities. Industrial & Engineering Chemistry Research 40 (2001) 6147-6164
30. Miller M.H., and Orr R.A. Model of the demand for money by firms. Quantitative Journal of Economy 80 3 (1966) 413
31. Nash J. The bargaining problem. Econometrica 18 (1950) 155-162
32. Oh H., and Karimi I.A. Regulatory factors and capacity-expansion planning in global chemical supply chains. Industrial & Engineering Chemistry Research 43 (2004) 3364-3380
33. Orgler Y.E. An unequal-period model for cash management decisions. Management Science 20 10 (1969) 1350
34. Orgler Y.E. Cash management (1970), Wadsworth, California
35. Papageorgiou L.G., Rotstein G.E., and Shah N. Strategic supply chain optimization for the pharmaceutical industries. Industrial & Engineering Chemistry Research 40 (2001) 275-286
36. Pratt S.P. Cost of capital: estimation and applications (2002), John Wiley and Sons, New York
37. Puigjaner L., and Laínez J.M. Capturing dynamics in integrated supply chain management. Computers & Chemical Engineering 32 (2008) 2582-2605
38. Robichek A.A., Teichroew D., and Jones J.M. Optimal short term financing decision. Management Science 12 1 (1965) 1-36
39. Srinivasan V., and Kim Y.H. Deterministic cash flow management: State of the art and research directions. Omega 14 2 (1986) 145-166
40. Subramanian, V. (2004). A computational framework for studying decentralized supply chain dynamics. Ph.D. thesis. Purdue University.
41. Sundaramoorthy A., and Karimi I.A. Planning in pharmaceutical supply chain with outsourcing and new products introduction. Industrial and Engineering Chemistry Research 43 (2004) 8293-8306
42. Tsay A.A., and Lovejoy W.S. Quantity flexibility contracts and supply chain performance. Manufacturing and Service Operations Management 1 2 (1999) 89-111
43. Varma V., and Reklaitis G.V. The role of financial engineering techniques in supply chain risk management-emerging opportunities. In: Braunschweig B., and Joulia X. (Eds). Proceedings of 18th European symposium on computer aided process engineering (2008), Elsevier, Lyon, France
44. Varma V., Reklaitis G.V., Blau G., and Pekny J. Enterprise-wide modeling & optimisation-An overview of emerging research challenges and opportunities. Computers & Chemical Engineering 31 (2007) 692-711
45. Varma V.A., Blau G.E., Pekny J.F., and Reklaitis G.V. A framework for addressing stochastic and combinatorial aspects of scheduling and resource allocation in pharmaceutical R&D pipelines. Computers & Chemical Engineering 32 (2008) 1000-1016
46. Weissenrieder, F. (1998). Value based management: Economic value added or cash value added? Tech. Rep.. Sweden: Department of Economics, Gothenburg University.
47. Yi G., and Reklaitis G.V. Optimal design of batch-storage network with financial transactions and cash flows. AIChE Journal 50 11 (2004) 2849-2865
48. Yi G., and Reklaitis G.V. Optimal design of batch-storage network considering exchange rates and taxes. AIChE Journal 53 (2007) 1211-1231
49. Zapata J.C., Hodge B.M., and Reklaitis G.V. The multi-mode resource constrained multi-project scheduling problem: Alternative formulations. AIChE Journal 54 (2008) 2101-2119
50. Zapata J.C., Pekny J.F., and Reklaitis G.V. Strategic valuation of project portfolios. European Journal of Operations Research Submitted (2008)
51. Zapata J.C., Varma V.A., and Reklaitis G.V. Impact of tactical and operational policies in the selection of a new product portfolio. Computers & Chemical Engineering 32 (2008) 307-319