Management Seminar - Professor Srinivas Talluri
The Deans’ Boardroom, 12th Floor, The Spot (198 Berkeley St)Map
PRESENTER: Professor Srinivas (Sri) Talluri (Michigan State University)
TOPIC: “Models for supplier selection and risk mitigation: A holistic approach”
According to a study conducted by PwC and the Business Continuity Institute in 2013, 75% of companies experience at least one major supply chain disruption a year and majority of the disruptions were caused by supply-related problems. With an increasing emphasis on upstream risk, risk management in supplier selection has become a critical issue faced by companies. Although previous studies proposed different methods and tools for effective and efficient supplier selection, only few approaches have attempted to incorporate risk mitigation strategies in supplier selection decisions. Our study aims to fill this gap by considering a wide range of quantitative and qualitative risk factors in supplier selection and evaluates the efficacy of alternative risk mitigation strategies in this context. Moreover, we suggest that both upstream and downstream strategies should be utilized simultaneously rather than relying on a single type of strategy. We further suggest that it is critical to align upstream and downstream risk mitigation strategies to reduce risk. We employ multi-objective optimization-based simulation in developing a decision model and consider data from an automotive parts manufacturer to demonstrate the application of our approach.
Sri Talluri earned the B. S. degree in mechanical engineering in India in 1989, the M. S. degree in industrial and manufacturing systems engineering and the Ph. D. degree in production and operations management from the University of Texas at Arlington in 1992 and 1996, respectively. He is a Professor of Operations and Supply Chain Management at Michigan State University. His research interests are in the areas of supply chain risk, strategic sourcing and buyer-supplier relationships, technology management, and performance evaluation. Research methodologies mainly include optimization methods (deterministic and stochastic models), game theory, empirical methods (statistical models), and data envelopment analysis. He has more than 85 journal publications in a variety of academic journals including the IIE Transactions, Decision Sciences, Production and Operations Management Journal, Journal of Operations Management, International Journal of Production Research, European Journal of Operational Research, IEEE Transactions on Engineering Management, and has presented papers in various national and international conferences. Sri has more than 8000 citations of his work and an h-index of 43.
In research articles published in 2013 and 2015, Sri was ranked as a top 20 (rank # 17) researcher worldwide in terms of the impact of his work in the domain of data envelopment analysis (Liu, J.S., Lu, Y. Y., Lu, W.M., and Lin, B.J. Data envelopment analysis 1978-2010: A citation-based literature survey, OMEGA, 41, pp. 3-15, 2013), and top 100 (top 1%) researcher worldwide in the area of operations management in terms of publications in elite journals (Shang, G., Saladin, B., Fry, T., and Donohue, J. Twenty-Six Years of Operations Management Research (1985 - 2010): Authorship Patterns and Research Constituents in Eleven Top Rated Journals, International Journal of Production Research, 53(20), pp. 6161 - 6197, 2015), respectively. Sri has delivered invited presentations at various countries that include Australia, United Kingdom, Spain, India, France, Portugal, United Arab Emirates, China, Germany, Denmark, Belgium, Italy, Peru, New Zealand, Finland, and Switzerland. His research is funded by companies and organizations such as Dow Chemical, Lear Corporation, CIBER, McNeil Healthcare, and Center for Advanced Purchasing Studies (CAPS). His consulting experience includes a variety of companies in the area of supply chain optimization, which include SAP, Chrysler, ArcBest, Johnson and Johnson, Accenture, and Dash Optimization.
Dr. Talluri was named as a Fulbright Distinguished Chair in Business and Economics for the year 2016-2017 and currently holds the position of Honorary Professorial Fellow at the University of Melbourne, Australia. He was also the recipient of John D. and Dortha J. Withrow Endowed Emerging Scholar Award for outstanding scholarly contributions in 2004. He serves as the Department Editor for IEEE Transactions on Engineering Management, Senior Editor for Decision Sciences Journal, Guest Senior Editor for Production and Operations Management Journal, and Editorial Review Board member for Production and Operations Management Journal, International Journal of Production Research, and other journals. Sri served as the Conference Chair for the 47th Annual Decision Sciences Institute Conference at Austin, Texas. In the past, he served as the Track Chair for Supply Chain Management at the 14th and 16th Annual Production and Operations Management Conferences, and the Track Chair for Sourcing Management for the 18th Annual POMS Conference. In addition, Sri also served as an Associate Executive Director for POMS from 2006-2009. He is a member of honor societies such as Alpha Pi Mu and Phi Kappa Phi and professional organizations which include the Decision Sciences Institute (DSI), the Institute for Operations Research and Management Sciences (INFORMS), and the Production and Operations Management Society (POMS).
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