The University of Illinois received a $145,746 Project Grant award from the National Science Foundation Division of Civil, Mechanical, and Manufacturing Innovation. The grant was awarded under the NSF Engineering program (CFDA 47.041) to support the project "EAGER: TURNING UNCERTAINTY INTO ADVANTAGE: NOVEL POLICIES THAT EXPLOIT RANDOMNESS OF LEAD TIMES IN SUPPLY CHAINS" from July 1, 2021 to June 30, 2022.
The grant funding will allow researchers at the University of Illinois to develop novel policies and strategies that leverage randomness in supply chain lead times to the advantage of organizations. The NSF Engineering program aims to foster innovation in engineering research, and this project examines how supply chain managers can turn uncertainty into a competitive edge through optimized responses to unpredictable delays. The research has the potential to help companies mitigate risks and costs from supply disruptions.
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