Procurement strategy with backup sourcing under stochastic supply risk

DOI10.1155/2019/3541352zbMATH Open1421.90072OpenAlexW2924862609MaRDI QIDQ2325129FDOQ2325129

Authors: Yixin Zhang, Xi-fu Wang 

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

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Mathematics Subject Classification ID

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

Cites Work

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

Cited In (6)

• Title not available (Why is that?)
• Retailer's optimal procurement strategy under supply disruption and stochastic demand: backup sourcing or simultaneous sourcing
• Sourcing decision under interconnected risks: an application of mean-variance preferences approach
• Procurement portfolio planning for a newsvendor with supplier delivery uncertainty
• Optimal procurement strategies from suppliers with random yield and all-or-nothing risks
• Value of information sharing in backup sourcing under supply risks

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