Procurement Strategy with Backup Sourcing under Stochastic Supply Risk

Supply risk can have a negative impact on a manufacturer’s performance. Backup sourcing is one of the most commonly used strategies to mitigate the adverse consequences of supply risks. In this paper, we study a procurement strategy with backup sourcing when a manufacturer faces stochastic supply ri...

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Bibliographic Details
Main Authors: Yixin Zhang, Xifu Wang
Format: Article
Language:English
Published: Wiley 2019-01-01
Series:Complexity
Online Access:http://dx.doi.org/10.1155/2019/3541352
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