Using backup supply with responsive pricing to mitigate disruption risk for a risk-averse firm
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DOI: 10.1080/00207543.2018.1427901
Abstract: We consider a risk-averse firm’s sourcing problem with two suppliers: a dedicated one and a backup one. The dedicated supplier charges a lower wholesale price, but faces potential disruption risk. The backup supplier is assumed… read more here.
Keywords: disruption risk; risk; backup supply; firm ... See more keywords