Stress Testing Supply Chains and their Ecosystems

Lead organization: Georgia Institute of Technology 

Year launched: 2021 

This project will design a simulation platform to stress test end-to-end bioindustrial manufacturing facilities and supply chains resiliency for levels of trust, security, resilience, agility, and competitiveness. Researchers will evaluate various bioindustrial supply chain risks, cost, productivity, and other performance metrics of interest to firms in the industry. 

A workshop will be convened to assess what risks are important and what performance metrics are of value in determining a firm’s definition of robust resilience. The simulation platform will quantitatively evaluate how a crisis affects supply chain performance during the crisis and how the supply chain recovers from the crisis. By addressing several ‘what-if’ questions, the platform will also be able to support decision-makers in, for example, adjusting manufacturing capacity, inventory replenishment policies, sourcing, and supply chain design to better ensure a trusted, secure, resilient, competitive, and sustainable end-to-end bioindustrial supply chain at the product level. This decision support capability will be directly useful to bioindustrial manufacturing firms and, in collaboration with federal, state, and other levels of government, can serve as a useful tool in building a trusted, secure, resilient, competitive, and sustainable bioindustrial manufacturing ecosystem for the nation. 

Funding source: BioMADE Project Call 1.0

Related news:

• BioMADE Supports Georgia Tech Researchers to Strengthen American Competitiveness in the Bioindustrial Manufacturing Industry

Webinar: Watch the recording here.