Diversification under supply uncertainty
Management Science
Random Yield and Random Demand in a Production System with Downward Substitution
Operations Research
Myopic Heuristics for the Random Yield Problem
Operations Research
Manufacturing to Order with Random Yield and Costly Inspection
Operations Research
Newsvendor Networks: Inventory Management and Capacity Investment with Discretionary Activities
Manufacturing & Service Operations Management
On the multi-product newsboy problem with two constraints
Computers and Operations Research
Stochastic Comparisons in Production Yield Management
Operations Research
Manufacturing Planning and Control for Supply Chain Management
Manufacturing Planning and Control for Supply Chain Management
Cooperator selection and industry assignment in supply chain network with line balancing technology
Expert Systems with Applications: An International Journal
A framework for evaluation of coordination by contracts: A case of two-level supply chains
Computers and Industrial Engineering
Media Revenue Management with Audience Uncertainty: Balancing Upfront and Spot Market Sales
Manufacturing & Service Operations Management
Supplier selection and performance evaluation in just-in-time production environments
Expert Systems with Applications: An International Journal
Optimal newsvendor policies for dual-sourcing supply chains: A disruption risk management framework
Computers and Operations Research
Computers and Operations Research
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We studied a supplier selection problem, where a buyer, while facing random demand, is to decide ordering quantities from a set of suppliers with different yields and prices. We provided the mathematical formulation for the buyer's profit maximization problem and proposed a solution method based on a combination of the active set method and the Newton search procedure. Our computational study shows that the proposed method can solve the problem efficiently, and is able to generate interesting and insightful results that lead us to various managerial implications. Scope and purpose: In today's globally competitive environment, decision makers in supply chains face numerous challenges particularly regarding the selection of suppliers or outsourcing partners. To assist in this endeavor, we examined a double-layered supply chain where a buyer facing the end users has the option of selecting among a cohort of suppliers. The available suppliers may have different yield rates and unit costs. The buyer has to decide, given the stochastic nature of the problem's governing parameters, whether or not to order from each supplier, and if so how much. We developed a 'newsvendor-style' model for the problem, and proposed a solution algorithm for it. Numerical studies were performed to provide some insights for supplier selection and order quantity decisions.