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SUMMARY:MTEI Seminar by Prof. Suzanne de Treville\, University of Lausanne
DTSTART:20150206T110000
DTEND:20150206T120000
DTSTAMP:20260427T214918Z
UID:e34227ef806849ce7f4ef7c65d9a7099cd09dbfff25b0eb5440831ca
CATEGORIES:Conferences - Seminars
DESCRIPTION:Prof. Suzanne de Treville\, University of Lausanne\n"Gaining c
 ompetitiveness from lead time: A quantitative-finance approach"Abstract\nW
 hen do short lead times warrant a cost premium? Decision makers have strug
 gled to quantify the benefits of short lead times in spite of the general 
 agreement that they enhance competitiveness. This lack of methodology has 
 contributed to waves of offshoring that have extended supply chains. We ta
 ke a quantitative-finance approach to valuing lead time\, showing that the
  value of lead time is low when demand is sufficiently predictable to allo
 w forecasting\, and when residual values are high. When demand volatility 
 is high and residual value is low\, the value of time increases dramatical
 ly\, often enough to compensate for the cost of cutting lead time. The cal
 culator that we have developed has recently been released US-wide by the D
 epartment of Commerce as part of the Obama administration's push to encour
 age domestic manufacturing. We are also beginning a major project with the
  Groupement Suisse de l'Industrie Méchanique with the objective of using 
 demand volatility to create enough value to permit maintaining production 
 in Switzerland\, made more urgent by the recent elimination of the Euro ca
 p.
LOCATION:ODY 4.03\, VIP Room http://plan.epfl.ch/?zoom=19&recenter_y=58638
 00.12869&recenter_x=731560.22521&layerNodes=fonds\,batiments\,labels\,info
 rmation\,parkings_publics\,arrets_metro\,transports_publics&floor=4&q=ody_
 4.03
STATUS:CONFIRMED
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