Coordination in a Single-Retailer Two-Supplier Supply Chain under Random Demand and Random Supply with Disruption
Joint Authors
Lim, Cheng-Chew
Hu, Fei
Sun, Xiaochen
Lu, Zudi
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2013, Issue 2013 (31 Dec. 2013), pp.1-12, 12 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2013-02-24
Country of Publication
Egypt
No. of Pages
12
Main Subjects
Abstract EN
This paper studies the coordination issue of a supply chain consisting of one retailer and two suppliers, a main supplier and a backup supplier.
The main supplier’s yield is subject to disruption and the retailer faces a random demand.
We determine the retailer’s optimal ordering policy and the main supplier’s production quantity that maximize expected profit of the centralized supply chain.
We also analyze the decentralized scenario, and a combination of overproduction risk sharing and buy-back contracts with a side payment from/to the backup supplier is provided to coordinate the supply chain.
Numerical examples are given to gain some qualitative insights.
American Psychological Association (APA)
Hu, Fei& Lim, Cheng-Chew& Lu, Zudi& Sun, Xiaochen. 2013. Coordination in a Single-Retailer Two-Supplier Supply Chain under Random Demand and Random Supply with Disruption. Discrete Dynamics in Nature and Society،Vol. 2013, no. 2013, pp.1-12.
https://search.emarefa.net/detail/BIM-475265
Modern Language Association (MLA)
Hu, Fei…[et al.]. Coordination in a Single-Retailer Two-Supplier Supply Chain under Random Demand and Random Supply with Disruption. Discrete Dynamics in Nature and Society No. 2013 (2013), pp.1-12.
https://search.emarefa.net/detail/BIM-475265
American Medical Association (AMA)
Hu, Fei& Lim, Cheng-Chew& Lu, Zudi& Sun, Xiaochen. Coordination in a Single-Retailer Two-Supplier Supply Chain under Random Demand and Random Supply with Disruption. Discrete Dynamics in Nature and Society. 2013. Vol. 2013, no. 2013, pp.1-12.
https://search.emarefa.net/detail/BIM-475265
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-475265