The coronavirus pandemic has hit the economy hard. What lessons can be learned from this experience? And what’s the best way for companies to protect themselves against this kind of crisis in the future? The answer will certainly involve a combination of different approaches—but new mathematical methods developed by the Fraunhofer Institute for Industrial Mathematics (ITWM) look likely to be a very promising piece of the puzzle. These methods aim to calculate how the risks posed by supply shortages can be reduced significantly at very little extra cost.
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Source: Phys.org