Meilin Wen

Supply Chains and Fuzzy Demand

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Paper

Fuzzy facility location-allocation problem under the Hurwicz criterion
Year: 
2008

Risk in supply chains can be included in several different ways into the decision making process.

No Risk

A statement in many supply chain models is that some/most/all parameters of the model are fixed (e.g. fixed demand, zero probability of a hurricane).

The result is, if the real value of this parameter diverges from the assumptions, the results of the model will be flawed to a certain degree (up to completely unusable).

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