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Supplier involvement in new product development has become increasingly common. When developing an innovative component for a new product, it may be sufficient for the component supplier to merely follow the buyer’s specifications and release the component without a good understanding of how...
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Burke, Carillo and Vakharia [2009] consider a class of single product sourcing problems with a stochastic demand and multiple uncertain suppliers. Assuming that the demand is independent of the supplier reliabilities and uniformly distributed, they propose to write the expected profit as a...
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