A Newsvendor's Procurement Problem when Suppliers Are Unreliable

By Maqbool Dada, N. Petruzzi, Leroy B. Schwarz. Manufacturing & Service Operations Management, 2007

524 citations recorded by the source corpus.

Subfields: Management Information Systems, Safety, Risk, Reliability and Quality, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/32b86b9f28a7c955cf7f174a52c399e7cba3e4a9

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In Management Information Systems

In Safety, Risk, Reliability and Quality

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Citations in the corpus

Sourcing Decisions with Stochastic Supplier Reliability and Stochastic Demand (2009, background): “Given uncertain exogenous demand, Dada et al. (2007) examine the newsvendor’s procurement problem when suppliers are unreliable.”
Mitigating Supply Risk: Dual Sourcing or Process Improvement? (2010, background): “quantities in the two-supplier case, Dada et al. (2007) assume that a”
Centralization versus Decentralization: Risk Pooling, Risk Diversification, and Supply Chain Disruptions (2015, background): “Eppen [1979] extends the newsvendor problem to a multiple-location model and shows that under demand uncertainty, a centralized inventory strategy provides risk-pooling benefits and reduces expected cost versus a decentralized strategy.”
Coordination in multi-echelon supply chain under supply and demand uncertainty (2012, background): “Dada et al. (2007) consider the problem of a newsvendor that is served by multiple suppliers, where a supplier is defined to be either perfectly reliable or unreliable.”
Managing Disruptions in Decentralized Supply Chains with Endogenous Supply Process Reliability (2014, methodology): “…supply is subject to a random disruption: for a production quantity x, the output is Yx, where Y has the following distribution: Y ¼ 1; with probability z; a; with probability 1 z: ð1Þ In Equation (1), 0 ≤ a < 1 denotes the imperfect yield rate and 0 ≤ z ≤ 1 denotes the perfect-yield probability.”
Bounded Rationality in Newsvendor Models (2008, methodology): “For a sample of different modeling approaches, readers are referred to the review by Lee and Yano (1995), as well as more recent papers by Chen et al. (2001), Tomlin and Wang (2005), Kok and Shang (2006), and Dada et al. (2006).”
Managing Risk of Supply Disruptions: Incentives for Capacity Restoration (2013, background): “Some of the random yield literature also deals with multiple suppliers where the concern is the use of supply diversiﬁ-cation to hedge against supply uncertainty (see Anupindi and Akella 1993, Dada et al. 2007).”
Disruption‐management strategies for short life‐cycle products (2009, background): “Supplier diversification in a randomyield, deterministic-demand newsvendor setting is studied in [1], whereas [7] explores a stochastic-demand newsvendor model with a general number N of unreliable suppliers.”