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Monte Carlo Simulation Means Quantifying Logistics Risks Doesn't Have to Be a Gamble

Jul. 3, 2012
Abigail Jacobsen
Published: Jul. 3, 2012

The expansion of global supply chains has meant an exponential growth of the risk of disruptions to those networks. Organizations around the world are turning their eyes away from decision making processes based on single-point estimates, and viewing their risks and opportunities with more sophisticated techniques such as Monte Carlo simulation.

Click here to read the article.

The expansion of global supply chains has meant an exponential growth of the risk of disruptions to those networks. Organizations around the world are turning their eyes away from decision making processes based on single-point estimates, and viewing their risks and opportunities with more sophisticated techniques such as Monte Carlo simulation.

Click here to read the article.

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