Risk management has become an essential tool in dealing with the risk issues in supply chains. The purpose of this paper lies in surveying the applications of risk management to supply chains and reviewing the existing literature. To achieve the above purpose, some representative works are...

We study the risk-averse newsvendor model with a mean-variance objective function. We show that stockout cost has a significant impact on the newsvendor's optimal ordering decisions. In particular, with stockout cost, the risk-averse newsvendor does not necessarily order less than the...

We introduce the concept of conditional value-at-risk as the evaluation criterion in a supply contract model. We first derive the manufacturer's optimal decisions and then analyze the impact of risk aversion on the manufacturer's decisions. We follow by conducting numerical experiments to...