Supply chain takes on an importance because of the rapid market changes which is the result of the explosion of product varieties with short life cycles in today's global market ([Ben-Daya et al. 2008]).
Since a combinatorial explosion of product options will inevitably limit all experimental techniques, it should be preferable to minimize experimentation through a systematic consideration of product formulations prior to experimentation.
Although certain derivatives and insurance contracts have been around for centuries, the increased volatility in the financial system introduced in the 1970s set in motion an explosion of product development.
In the seven decades since, there has been an extraordinary flourishing of youth types and teenage creativity: an explosion of cultural products that now drive the global expansion of Western, consumerist democracy.
But, according to Eric Yorkston, a marketing professor at Texas Christian University, modern brand naming — with its sophisticated focus groups and its linguistic and psychological analysis — began in the years after the Second World War, when the explosion of similar products from competing companies made imaginative naming an increasing necessity.
The advantage of that latter approach is that the size of the environment (named diameter) can be tuned to control the combinatorial explosion of possible products.
There's been a recent explosion of fintech products in spaces like stock trading, wealth management, payments, loans, remittance and insurance.
We have had an explosion of learning products published online, whether sites like Wikipedia that offer a huge library of content for consumption or MOOCs like Udacity and Coursera that have more interactivity built in.
A particular attention has to be given to the risk interactions between the cogeneration plant and the industrial facility it is supplying with heat and electricity (e.g. tritium contamination in industrial processes, explosion of flammable products in industrial site).
