Optimal strategy in managing product quality risk for a <scp>risk‐averse</scp> manufacturer: Prevention or mitigation?

DOI10.1002/nav.21995zbMath1527.91043OpenAlexW3161613772MaRDI QIDQ6053071

Lei Xie, Hang Wei, Unnamed Author

Publication date: 18 October 2023

Published in: Naval Research Logistics (NRL) (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1002/nav.21995

zbMATH Keywords

conditional value at riskrisk averseinspection strategyproduct quality riskproduct recall insurance

Mathematics Subject Classification ID

Risk models (general) (91B05) Actuarial mathematics (91G05)

Related Items (1)

The value of product recall insurance in a price competition with financially constrained suppliers

Cites Work

• Newsvendor solutions via conditional value-at-risk minimization
• Coherent risk measures in inventory problems
• A risk-averse newsvendor with law invariant coherent measures of risk
• The role of business insurance in managing a manufacturer's product quality risk
• Transferring and sharing exchange-rate risk in a risk-averse supply chain of a multinational firm
• Technical Note—A Risk-Averse Newsvendor Model Under the CVaR Criterion
• Quality Implications of Warranties in a Supply Chain
• Vendor Certification and Appraisal: Implications for Supplier Quality
• Pushing Quality Improvement Along Supply Chains
• Operational Flexibility and Financial Hedging: Complements or Substitutes?
• Quality Improvement Incentives and Product Recall Cost Sharing Contracts

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