Procurement portfolio planning for a newsvendor with supplier delivery uncertainty

DOI10.1016/J.EJOR.2021.05.026MaRDI QIDQ2060404zbMATH OpenOpenAlexFDO

Authors Roshanak Mohammadivojdan, Joseph Geunes, Yasemin Merzifonluoğlu

Publication date 13 December 2021

Published in European Journal of Operational Research (Search for Journal in Brave)

Copyright license Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International

Full work available at URL https://doi.org/10.1016/j.ejor.2021.05.026

zbMATH Keywords

newsvendor problemsupplier selectionsupply chain disruptionssupply chain management

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Stochastic programming (90C15)

Recommendations

• Sourcing decision under disruption risk with supply and demand uncertainty: a newsvendor approach
• Procurement strategy with backup sourcing under stochastic supply risk
• Stochastic programming for vendor portfolio selection and order allocation under delivery uncertainty
• Selecting a Portfolio of Suppliers Under Demand and Supply Risks
• Optimising Procurement Portfolios to Mitigate Risk in Supply Chains
• Optimal procurement strategy under supply risk
• Decision support for supply chain planning under uncertainty
• Sourcing decisions with uncertain time-dependent supply from an unreliable supplier
• Supplier selection and procurement decisions with uncertain demand, fixed selection costs and quantity discounts

Cites work

• A Periodic Review, Production Planning Model with Uncertain Capacity and Uncertain Demand—Optimality of Extended Myopic Policies
• An a posteriori decision support methodology for solving the multi-criteria supplier selection problem
• Diversification Under Supply Uncertainty
• Diversification under yield randomness in inventory models
• Integrated demand and procurement portfolio management with spot market volatility and option contracts
• Lot Sizing with Random Yields: A Review
• Manufacturer cooperation in supplier development under risk
• Multi-criteria decision making approaches for supplier evaluation and selection: a literature review
• Multiple lotsizing in production to order with random yields: review of recent advances
• Optimal procurement strategies for online spot markets.
• Optimal Replenishment and Rework with Multiple Unreliable Supply Sources
• Optimal supply diversification under general supply risks
• Procurement strategies with unreliable suppliers
• Selecting a Portfolio of Suppliers Under Demand and Supply Risks
• Selecting a supplier portfolio with value, development, and risk consideration
• Supplier diversification: Effect of discrete demand
• The Distribution Free Newsboy Problem: Review and Extensions
• Typology and literature review on multiple supplier inventory control models

Cited in

(10)

• Integrated demand and procurement portfolio management with spot market volatility and option contracts
• Newsvendor models with random supply capacity and backup sourcing
• Options procurement policy for option contracts with supply and spot market uncertainty
• A new model to design the suppliers portfolio in newsvendor problem based on product reliability
• A three-stage procurement optimization problem under uncertainty
• scientific article; zbMATH DE number 849178 (Why is no real title available?)
• Supply Portfolio Selection and Execution with Demand Information Updates
• Two-part tariffs, inventory stockpiling, and the bullwhip effect
• A unified and computationally efficient framework for procurement portfolio optimization with option contracts
• Managing supply delays with advance orders and contingent expediting in a single-period inventory model

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