Submitted by Daniel Dumke on Mon, 2011-12-19 17:35
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Reader rating: 4 out of 5
Paper
Optimal newsvendor policies for dual-sourcing supply chains: A disruption risk management framework
Year:
2012
This is the continuation of the Greece week and today I am going to have a look at a mathematical model to capture the effects of dual disruptions in a news-vendor model.
This time the three authors (Xanthopoulos, Vlachos and Iakovou) come from the Aristotle University of Thessaloniki.
This week is dedicated to the works on supply chain management from Greek supply chain researchers. Today’s article has been published in the Journal of Management Sciences (Omega) by four researchers from northern Greece and the UK.
This article sheds light on the question of how much flexibility is necessary to secure the supply chain against disruption risks.
The paper reviewed today takes a closer look at three supply chain risks: supply, process and demand risks (figure 1).
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).
Submitted by Daniel Dumke on Wed, 2010-10-13 15:28
not rated
Paper
Supply Chain Design - Robuste Planung mit differenzierter Auswahl der Zulieferer
Published In:
Peter Lang, Frankfurt a.M., Dissertation
Year:
2005
This is the third contribution to my series on doctoral dissertations on Supply Chain Risk Management. An immense effort and dedication is spent on these works only to find the results hidden in the libraries. So the goal is raise interest in the research of my peers.
