Selection of Static Supply Portfolio

Tadeusz Sawik

Chapter Chapter 2 in Supply Chain Disruption Management Using Stochastic Mixed Integer Programming, 2018, pp 15-41 from Springer

Abstract: Abstract In a customer-driven supply chainSupply chain customer-driven manufacturers should be prepared to produce different products to meet different customer needs. Each product is typically composed of many common and non-common (custom) parts that can be sourced from different suppliers with different supply capacity. An important issue is how to best allocate the orders for parts among various part suppliers to fulfill all customer orders for products and to achieve a high customer service level at a low cost and, in addition, to mitigate the impact of supply chain disruption risks. Supply chain management, in particular, deals with selection of supply portfolio, i.e., selection of suppliers and order quantity allocation under uncertain quality of supplied materials and reliability of on-time delivery. The decision maker needs to decide from which supplier to purchase parts required to meet customer demand. The decision is based on price, quality and reliability criteria that may conflict each other. For example, the supplier offering the lowest price may not have the best quality or the supplier with the best quality may not deliver on time.

Keywords: Supply Portfolio; Disruption Risks; Order Quantity Allocation; High Customer Service Level; Conditional Value At Risk (CVaR) (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Chapter: Selection of Static Supply Portfolio (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-3-319-58823-0_2

Ordering information: This item can be ordered from
http://www.springer.com/9783319588230

DOI: 10.1007/978-3-319-58823-0_2

Access Statistics for this chapter

More chapters in International Series in Operations Research & Management Science from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().