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A stochastic inventory management model for a dual sourcing supply chain with disruptions

机译:带有中断的双源供应链的随机库存管理模型

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As companies continue to globalise their operations and outsource significant portion of their value chain activities, they often end up relying heavily on order replenishments from distant suppliers. The explosion in long-distance sourcing is exposing supply chains and shareholder value at ever increasing operational and disruption risks. It is well established, both in academia and in real-world business environments, that resource flexibility is an effective method for hedging against supply chain disruption risks. In this contextual framework, we propose a single period stochastic inventory decision-making model that could be employed for capturing the trade-off between inventory policies and disruption risks for an unreliable dual sourcing supply network for both the capacitated and uncapacitated cases. Through the developed model, we obtain some important managerial insights and evaluate the merit of contingency strategies in managing uncertain supply chains.
机译:随着公司继续全球化运营并将其价值链活动的重要部分外包,他们最终往往严重依赖来自遥远的供应商的订单补货。长途采购的爆炸式增长使供应链和股东价值暴露在不断增加的运营和破坏风险中。无论是在学术界还是在现实世界的业务环境中,众所周知,资源灵活性是对冲供应链中断风险的有效方法。在此上下文框架中,我们提出了一个单周期随机库存决策模型,该模型可用于捕获容量不明和不容量不清的情况下不可靠的双源供应网络的库存政策与中断风险之间的权衡。通过开发的模型,我们获得了一些重要的管理见解,并评估了应急策略在管理不确定的供应链中的优点。

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