Title :
Multi-source Supply Chains with Disruption Risk
Author :
Qi-feng, Wang ; Xiao-shen, Li ; Wei, Huang
Author_Institution :
Sch. of Math. Stat., Henan Univ. of Sci. & Technol., Luoyang, China
Abstract :
We propose general disruption management models for a production and inventory control system. The models are developed in a multi-sourcing supply chain network, where these supply channels are susceptible to disruption risks. Properties of the object function are considered and closed-form solutions for the model is obtained. The effects of the parameters on the optimal policy are discussed analytically and through numerical experiments.
Keywords :
production control; stock control; supply chain management; supply chains; closed-form solutions; disruption risk; general disruption management models; inventory control system; multisource supply chains; multisourcing supply chain network; numerical experiments; optimal policy; production control system; supply channels; Availability; Biological system modeling; Computational modeling; Mathematical model; Numerical models; Supply chains; Vectors; disruption management; inventory model; optimal order quantity; optimal policy;
Conference_Titel :
Computational Sciences and Optimization (CSO), 2012 Fifth International Joint Conference on
Conference_Location :
Harbin
Print_ISBN :
978-1-4673-1365-0
DOI :
10.1109/CSO.2012.100
