Purchasing decisions under stochastic prices: approximate solutions for order time, order quantity and supplier selection

DOI10.1007/S10479-012-1194-2zbMath1260.91098OpenAlexW1994414465MaRDI QIDQ1945085

Charles L. Munson, Xiangling Hu, Stergios B. Fotopoulos

Publication date: 2 April 2013

Published in: Annals of Operations Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10479-012-1194-2

zbMATH Keywords

riskpurchasingsupply contractssupplier selectionprice modeling

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

Related Items (4)

A real options approach for joint overhaul and replacement strategies with mean reverting prices ⋮ Multivariate supplier selection for asymmetric specification region: using price and quality ⋮ Risk hedging via option contracts in a random yield supply chain ⋮ An integrated approach for supplier selection in multi-item/multi-supplier environment

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