Procurement strategy with backup sourcing under stochastic supply risk

DOI10.1155/2019/3541352zbMath1421.90072OpenAlexW2924862609MaRDI QIDQ2325129

Xi-fu Wang, Yixin Zhang

Publication date: 9 September 2019

Published in: Complexity (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1155/2019/3541352

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Transportation, logistics and supply chain management (90B06) Inventory, storage, reservoirs (90B05)

Related Items (1)

Retailer's optimal procurement strategy under supply disruption and stochastic demand: backup sourcing or simultaneous sourcing

Cites Work

• An approximate policy for a dual-sourcing inventory model with positive lead times and binomial yield
• Dual sourcing under disruption risk and cost improvement through learning
• A periodic-review inventory system with a capacitated backup supplier for mitigating supply disruptions
• Sourcing strategies in supply risk management: an approximate dynamic programming approach
• Single versus multiple supplier sourcing strategies
• Contracting with an urgent supplier under cost information asymmetry
• On the loss-averse dual-sourcing problem under supply disruption
• Supplier switching decisions
• A procurement model using capacity reservation
• Production planning and backup sourcing strategy of a buyer-dominant supply chain with random yield and demand
• Optimal Supply Diversification Under General Supply Risks
• On the Value of Mitigation and Contingency Strategies for Managing Supply Chain Disruption Risks
• Supply Disruptions, Asymmetric Information, and a Backup Production Option

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