Backup Sourcing Decisions for Coping with Supply Disruptions under Long-Term Horizons
This paper studies a buyer’s inventory control problem under a long-term horizon. The buyer has one major supplier that is prone to disruption risks and one backup supplier with higher wholesale price. Two kinds of sourcing methods are available for the buyer: single sourcing with/without contingent...
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Main Authors: | Jing Hou, Lijun Sun |
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Format: | Article |
Language: | English |
Published: |
Wiley
2016-01-01
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Series: | Discrete Dynamics in Nature and Society |
Online Access: | http://dx.doi.org/10.1155/2016/6716058 |
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