Proactive and reactive purchasing planning under dependent demand, price, and yield risks

DOI10.1007/s00291-013-0344-5zbMath1305.90226OpenAlexW2007147642MaRDI QIDQ480789

C. K. M. Lee, Zhen Hong, Xiaofeng Nie

Publication date: 11 December 2014

Published in: OR Spectrum (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00291-013-0344-5

zbMATH Keywords

correlationsrisk managementprocurement planningspot marketsuncertain pricesuncertain yields

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Consumer behavior, demand theory (91B42)

Related Items (3)

Multi-period risk minimization purchasing models for fashion products with interest rate, budget, and profit target considerations ⋮ Inventory control in dual sourcing commodity procurement with price correlation ⋮ Supply chain risk analysis with mean-variance models: a technical review

Cites Work

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• Supply chain operations in the presence of a spot market: a review with discussion
• Optimal Replenishment and Rework with Multiple Unreliable Supply Sources
• Lot Sizing with Random Yields: A Review
• On the Exact Covariance of Products of Random Variables

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