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dc.contributor.advisorAlexis Hickman Bateman.en_US
dc.contributor.authorGohil, Rishien_US
dc.contributor.authorMéndndez Vives, María Carolina.
dc.contributor.otherMassachusetts Institute of Technology. Engineering Systems Division.en_US
dc.date.accessioned2017-03-20T19:38:04Z
dc.date.available2017-03-20T19:38:04Z
dc.date.copyright2016en_US
dc.date.issued2016en_US
dc.identifier.urihttp://hdl.handle.net/1721.1/107518
dc.descriptionThesis: M. Eng. in Logistics, Massachusetts Institute of Technology, Supply Chain Management Program, 2016.en_US
dc.descriptionCataloged from PDF version of thesis.en_US
dc.descriptionIncludes bibliographical references (pages 62-64).en_US
dc.description.abstractUnilever, a large multi-national Consumer Packaged Goods (CPG) company, uses water as an essential ingredient in its products and as a critical component in its manufacturing processes. In many instances, the price of water does not reflect market dynamics insofar as water is cheaper where there is low availability and vice versa. Business continuity costs due to poor water quality or water shortages may far outweigh the direct costs that Unilever incurs in purchasing water. Hence, by performing a literature review, numerous interviews with experts and stakeholders and an extensive review of existing water valuation tools, we created a framework that is capable of calculating a comprehensive value of water for any of Unilever's 250+ manufacturing sites based on site-specific conditions. We identified and developed the three core components of our framework, namely: purchase price, processing and handling cost and business disruption cost. Our main contribution is the estimation of a business disruption cost that takes into consideration mitigation options available and a scenario analysis of different water-related events to yield the total value-at-risk. A risk- adjusted value of water would enable Unilever to optimize water use and build resilience within its manufacturing operations by incentivizing water efficiency and catchment-based water stewardship initiatives where they are needed most. As the evaluation of a comprehensive price of water is a complex challenge, this project is a first step towards building a more robust framework. We have listed several recommendations that would strengthen the framework.en_US
dc.description.statementofresponsibilityby Rishi Gohil and María Carolina Méndndez Vives.en_US
dc.format.extent84 pagesen_US
dc.language.isoengen_US
dc.publisherMassachusetts Institute of Technologyen_US
dc.rightsMIT theses may be protected by copyright. Please reuse MIT thesis content according to the MIT Libraries Permissions Policy, which is available through the URL provided.en_US
dc.rights.urihttp://dspace.mit.edu/handle/1721.1/7582en_US
dc.subjectMéndndez Vives, María Carolina.en_US
dc.subjectSupply Chain Management Program.en_US
dc.subjectEngineering Systems Division.en_US
dc.titleWater : pricing the pricelessen_US
dc.title.alternativePricing the pricelessen_US
dc.typeThesisen_US
dc.description.degreeM. Eng. in Logisticsen_US
dc.contributor.departmentMassachusetts Institute of Technology. Supply Chain Management Program
dc.identifier.oclc962736137en_US


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