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【科苑经管国际学术论坛】John R. Birge:Risk Propagation in Supply Chain Networks: Evidence from equity and CDS markets(5月18日)
发布时间:2018/5/16

科苑经管国际学术论坛第43期,“一带一路”国际教育科技论坛第3期

 

报告题目:Risk Propagation in Supply Chain Networks: Evidence from equity and CDS markets

 

报告人:John R. Birge教授  芝加哥大学

 

报告时间:2018年5月18日9:30-11:30

 

报告地点:国科大中关村教学楼S102

 

报告摘要:Supply chain networks connect firms in multiple ways, but their role in the propagation of idiosyncratic shocks may differ depending on the firm position in the network. This talk will describe empirical evidence of these differences for both equity returns and credit spreads and will discuss a theoretical model that provides a consistent explanation of the empirical findings. In particular, the results imply that upstream firms tend to mitigate risk propagation as they become more centrally connected while downstream firm connectivity has the opposite effect. In addition, the results provide motivation for a distinct role of the network structure in amplifying effects as flexibility is reduced.

 

报告人简介:John R. Birge is a professor of operations management of Booth School of Business of University of Chicago. He studies mathematical modeling of systems under uncertainty, especially for maximizing operational and financial goals using the methodologies of stochastic programming and large-scale optimization. He was first drawn to this area by a need to use mathematics in a useful and practical way. He has published widely and is the recipient of the Best Paper Award from the Japan Society for Industrial and Applied Mathematics, the Institute for Operations Research and the Management Sciences Fellows Award, the Institute of Industrial Engineers Medallion Award and was elected to the National Academy of Engineering. He is a member of the Institute for Operations Research and the Management Sciences, the Mathematical Programming Society, the Mathematical Association of America, and Sigma Xi.