The Harold and Inge Marcus Department of Industrial and Manufacturing Engineering Welcomes Distinguished Lecturer: Kenneth Doerr
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Value-at-Risk is a metric used heavily in the finance sector, especially banking, to assess the downside risk associated with a potential catastrophic event, such as the risk that a bank will run out of cash. It is a quantile risk measure. Dr. Doerr will compare this risk metric to other risk metrics commonly used in logistics, and review existing applications of Value-at-Risk (under other names) in logistics, where it is already used to manage inventory and project schedules. He will contend that Value-at-Risk has some unique advantages, in behavioral decision making terms, over more commonly used measures. Dr. Doerr will propose its use for a certain kind of stochastic capacity planning (readiness analysis), important in the defense sector, and describe some results obtained using a Value-at-Risk metric he calls readiness risk. He will discuss some open behavioral decision making issues related to the application of quantile risk measures such as Value-at-Risk, especially as compared to more complex loss models.
Poster for a lecture by Kenneth Doerr titled: Logistics Applications of Value-at-Risk Analyses
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Doerr, Kenneth H.; Kang, Keebom (Monterey, California, Naval Postgraduate School, 2014); NPS-LM-12-212This case is intended to illustrate key trade-offs in planning the acquisition of a major weapon system. In particular, the impact of logistics and maintenance decisions on life-cycle costs and readiness are examined. The ...
Kang, Keebom; Doerr, Kenneth H. (Monterey, California. Naval Postgraduate School, 2012-11-29); NPS-LM-12-212This case is intended to illustrate key trade-offs in planning the acquisition of a major weapon system. In particular, the impact of logistics and maintenance decisions on life-cycle costs and readiness are examined. The ...
Ha, Chul Soo (1984-06);This thesis deals with concepts of strategy and logistics in the military and business fields. In particular, it is concerned with the relationships between military strategy and logistics. It recommends a logistics strategy ...