A real-option approach to mitigate disruption risk in the supply chain
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DOI: 10.1016/j.omega.2018.08.008
Abstract: Abstract We study the optimal ordering decision policy for a retailer who is exposed to supply disruptions along with correlated demand and price uncertainty. A new modeling approach to optimize inventory planning in a two-stage… read more here.
Keywords: approach; supply chain; supply; disruption risk ... See more keywords
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
Procurement decisions and information sharing under multi-tier disruption risk in a supply chain
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DOI: 10.1080/00207543.2019.1634296
Abstract: We consider a manufacturer's procurement decision in a three-tier supply chain (SC) under disruption risk. The manufacturer sources components from a single first-tier supplier (FT). The FT, in turn, sources raw materials from a single… read more here.
Keywords: information sharing; manufacturer; disruption risk; information ... See more keywords
Multiple sourcing and order allocation problem under supplier disruption risk and quantity discount
Sign Up to like & getrecommendations! Published in 2018 at "International Journal of Systematic and Evolutionary Microbiology"
DOI: 10.1504/ijsem.2018.10018999
Abstract: In this paper, we developed two stochastic mixed integer linear programs. The objective is to determine the optimal order quantities for each supplier in order to maximise the expected net profit (ENP) under disruption risk.… read more here.
Keywords: discount; risk; order; quantity ... See more keywords
Managing Procurement for a Firm with Two Ordering Opportunities under Supply Disruption Risk
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DOI: 10.3390/su10093293
Abstract: Supply disruption is a common phenomenon in industry, which brings destructive effects to downstream firms and damages the sustainability of the supply chain. To mitigate the supply disruption risk, the authors investigate two types of… read more here.
Keywords: disruption; firm; disruption risk; strategy ... See more keywords