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

DOI10.1002/NAV.21995MaRDI QIDQ6053071zbMATH OpenOpenAlexFDO

Authors Jing Chen, Hang Wei, Lei Xie

Publication date 18 October 2023

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

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

zbMATH Keywords

conditional value at riskinspection strategyproduct quality riskproduct recall insurancerisk averse

Mathematics Subject Classification ID

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

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Cites work

• A risk-averse newsvendor model under the CVaR criterion
• A risk-averse newsvendor with law invariant coherent measures of risk
• Coherent risk measures in inventory problems
• Newsvendor solutions via conditional value-at-risk minimization
• Operational flexibility and financial hedging: complements or substitutes?
• Pushing quality improvement along supply chains
• Quality implications of warranties in a supply chain
• Quality improvement incentives and product recall cost sharing contracts
• 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
• Vendor certification and appraisal: implications for supplier quality

Cited in

(4)

• The role of business insurance in managing a manufacturer's product quality risk
• The value of product recall insurance in a price competition with financially constrained suppliers
• The selection of bundling or independent selling mode for new retailing platform with demand disruptions
• The setting of risk prevention threshold of the perishable product supply chain with retailer's uncertain risk preference

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