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Type: Journal article
Title: Coordination in a single-retailer two-supplier supply chain under random demand and random supply with disruption
Author: Hu, F.
Lim, C.
Lu, Z.
Sun, X.
Citation: Discrete Dynamics in Nature and Society, 2013; 2013:484062-1-484062-12
Publisher: Gordon Breach Sci Publ Ltd
Issue Date: 2013
ISSN: 1026-0226
Statement of
Fei Hu, Cheng-Chew Lim, Zudi Lu, and Xiaochen Sun
Abstract: This paper studies the coordination issue of a supply chain consisting of one retailer and two suppliers, a main supplier and a backup supplier. The main supplier’s yield is subject to disruption and the retailer faces a random demand. We determine the retailer’s optimal ordering policy and the main supplier’s production quantity that maximize expected profit of the centralized supply chain. We also analyze the decentralized scenario, and a combination of overproduction risk sharing and buy-back contracts with a side payment from/to the backup supplier is provided to coordinate the supply chain. Numerical examples are given to gain some qualitative insights.
Rights: Copyright © 2013 Fei Hu et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
RMID: 0020126447
DOI: 10.1155/2013/484062
Appears in Collections:Electrical and Electronic Engineering publications

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