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Mean-Risk Analysis: Conclusion, Future Research and Extensions

Tsan-Ming Choi and Chun-Hung Chiu
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Tsan-Ming Choi: The Hong Kong Polytechnic University
Chun-Hung Chiu: City University of Hong Kong

Chapter Chapter 5 in Risk Analysis in Stochastic Supply Chains, 2012, pp 87-95 from Springer

Abstract: Abstract In the previous chapters, we discussed the use of mean-risk approach in conducting supply chain risk analysis for the single period and multiple periods supply chain inventory problems. We also explored the incorporation of mean-risk approach in the determination of the supply chain coordination contracts. From all the findings and insights generated, we have confidence to conclude that the mean-risk approach is obviously a versatile and significant way to conduct supply chain risk analysis. We believe that it has more potential than what we reviewed and discussed in the previous chapters. As a result, as a part of our conclusion, we discuss several future research directions and probable extensions for mean-risk supply chain analysis.

Keywords: Mean-risk Approach; Supply Chain Coordination Contracts; Supply Chain Agents; Supply Chain Management Problems; Wholesale Price Contract (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-1-4614-3869-4_5

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DOI: 10.1007/978-1-4614-3869-4_5

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