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Purpose: The main purpose of this article is to explore the trade-off between ordering policies and disruption risks in a dual-sourcing network under specific (or not) service level constraints, assuming that both supply channels are susceptible to disruption risks. Design/methodology/approach:...
Persistent link: https://www.econbiz.de/10011900984
We develop a model and analysis to provide insight into two effective remedies to increase supply chain resilience: (1) contracting with a secondary flexible backup supplier, and (2) monitoring primary suppliers to obtain disruption risk information. To investigate the true value of these...
Persistent link: https://www.econbiz.de/10014211629
We consider a continuous-review inventory model for a firm that faces deterministic demand but whose supplier experiences random supply disruptions. The supplier experiences "wet" and "dry" (operational and disrupted) periods whose durations are exponentially distributed. The firm follows an...
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In today's increasingly interconnected world, co-opetition has emerged as a new business practice among the technology firms. The boundaries between cooperation and competition have been becoming vague, where rivals engage in collaborative activities. One of the most critical challenges facing...
Persistent link: https://www.econbiz.de/10012856151
revealed 10.9 and 7.1 % reduction in total procurement costs of the company in two consecutive years. …
Persistent link: https://www.econbiz.de/10011563012
This paper studies the interaction between financially constrained and financially strong firms on a procurement market …. It characterizes and discusses a procurement agency's optimal response when faced with financially asymmetric firms. By …
Persistent link: https://www.econbiz.de/10010200427
that might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose between … plays an important role in procurement practice but attracted little attention in the academic analysis of procurement … auctions. Academic research on multi-sourcing procurement auction typically analyzes these auctions as stand-alone events. In …
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