Newsvendor problem with multiple unreliable suppliers

International Journal of Production Research

Volumn 52, Issue 1, 2014, Pages 221-242

  Merzifonluoglu, Yasemin ^a   Feng, Yazhe ^b  

^a MIDDLE EAST TECHNICAL UNIVERSITY   (Turkey)

^b State University   (United States)

Author keywords

Branch and bound; Inventory; Non linear programming; Supply chain management

Indexed keywords

BRANCH AND BOUND METHOD; COSTS; HEURISTIC ALGORITHMS; NONLINEAR PROGRAMMING; OPTIMIZATION; SUPPLY CHAIN MANAGEMENT; SUPPLY CHAINS;

COMPLEX SUPPLY CHAIN; DEMAND UNCERTAINTY; FIXED ORDERING COSTS; INVENTORY; MANAGERIAL IMPLICATIONS; NEWSVENDOR PROBLEM; SOURCING STRATEGIES; SUPPLIER SELECTION;

PROBLEM SOLVING;

EID: 84906949026     PISSN: 00207543     EISSN: 1366588X     Source Type: Journal    
DOI: 10.1080/00207543.2013.835497     Document Type: Article

References (27)

1. Agrawal, N., and S. Nahmias. 1997. "Rationalization of the Supplier Base in the Presence of Yield Uncertainty." Production and Operations Management 6:291-308.
2. Anupindi, R., and R. Akella. 1993. "Diversification under Supply Uncertainty." Management Science 39(8):944-963.
3. Babich, V., G. Aydin, P.-Y. Brunet, J. Keppo, and R. Saigal. 2012. "Risk, Financing and the Optimal Number of Suppliers. In Managing Supply Disruptions, edited by H. Gurnani, A. Mehrotra, and S. Ray. London: Springer-Verlag.
4. Bazaraa, M. S., H. D. Sherali, and C. M. Shetty. 1993. Nonlinear Programming: Theory and Algorithms. 2nd ed. New York: Wiley.
5. Burke, G. J. 2005. "Sourcing Strategies in a Supply Chain. " PhD diss., University of Florida.
6. Burke, G. J., J. E. Carrillo, and A. J. Vakharia. 2007. "Heuristics for Sourcing from Multiple Suppliers with Alternative Quantity Discounts." European Journal of Operational Research 182(1):95-112.
7. Burke, G. J., J. E. Carrillo, and A. J. Vakharia. 2009. "Sourcing Decisions with Stochastic Supplier Reliability and Stochastic Demand." Production and Operations Management 18(4):475-484.
8. Chen, J. F., D. D. Yao, and S. H. Zheng 2001. "Optimal Replenishment and Rework with Multiple Unreliable Supply Sources." Operations Research 49:430-443.
9. Chopra, S., and P. Meindl. 2009. Supply Chain Management: Strategy, Planning and Operations. 4th ed. Upper Saddle River, NJ: Prentice-Hall.
10. Christopher, M., and H. Peck. 2009. "Building the Resilient Supply Chain. " International Journal of Logistics Management 15(2):1-13.
11. Dada, M., N. C. Petruzzi, and L. B. Schwarz. 2007. "A Newsvendor's Procurement Problem When Suppliers are Unreliable Source." Manufacturing & Service Operations Management 9(1):9-32.
12. Federgruen, A., and N. Yang. 2008. "Selecting a Portfolio of Suppliers under Demand and Supply Risks." Operations Research 56(4):916-936.
13. Federgruen, A., and N. Yang. 2009. "Optimal Supply Diversification under General Supply Risks." Operations Research 57(6):1451-1468.
14. Gallego, G, and I. Moon. 1993. "The Distribution Free Newsboy Problem: Review and Extension. " Journal of the Operational Research Society 44(8):825-834.
15. Giri, B. C. 2011. "Managing Inventory with Two Suppliers Under Yield Uncertainty and Risk Aversion. " International Journal of Production Economics 133(1):80-85.
16. Grosfeld-Nir, A., and Y Gerchak. 2004. "Multiple Lot Sizing in Production to Order with Random Yields: Review of Recent Advances." Annals of Operations Research 126:43-69.
17. Khouja, M. 1999. "The Single-period (News-vendor) Problem: Literature Review and Suggestions for Future Research." Omega 27(5):537-553.
18. Li, T, S. P. Sethi, and J. Zhang. 2013. "Supply Diversification with Responsive Pricing." Production and Operations Management 2:447-458.
19. Minner, S. 2003. "Multiple-supplier Inventory Models in Supply Chain Management: A Review." International Journal of Production Economics 81-82:265-279.
20. Monahan, S., P. Laudicina, and B. Attis. 2003. "Supply Chains in a Vulnerable, Volatile World." Executive Agenda 6(3):5-16.
21. Parlar, M., and D. Wang. 1993. "Diversification under Yield Randomness in Inventory Models." European Journal of Operational Research 66(1):52-64.
22. Peng, P., L. V. Snyder, A. Lim, and Z. Liu. 2011. "Reliable Logistics Networks Design with Facility Disruptions." Transportation Research Part B: Methodological 45(8):1190-1211.
23. Ramasesh, R. V, J. K. Ord, J. C. Hayya, and A. C. Pan. 1991. "Sole versus Dual Sourcing in Stochastic Lead-time (S, Q) Inventory Models." Management Science 37:428-443.
24. Serel, D. A. 2008. "Inventory and Pricing Decisions in a Single-period Problem Involving Risky Supply." International Journal of Production Economics 116(1):115-128.
25. Snyder, L. V, and M. S. Daskin. 2005. "Reliability Models for Facility Location: The Expected Failure Cost Case." Transportation Science 39(3):400-416.
26. Swaminathan, J. M., and J. G. Shanthikumar. 1999. "Supplier Diversification: Effect of Discrete Demand." Operations Research Letters 24(5):213-221.
27. Yano, C. A., and H. L. Lee. 1995. "Lot Sizing with Random Yields: A Review." Operations Research 43(2):311-334.