This paper investigates the effects of demand risk on the performance of supply chain in continuous time setting. The inventory level has been modeled as a jump-diffusion process ...
We consider a firm that faces random demand and receives product from a single supplier who faces random supply. The supplier's availability may be affected by events such as...
Supply Chain Management (SCM) plans and controls the production over a group of autonomous enterprises. Process-oriented design is used to eliminate inefficiencies of the chain on...
Abstract. We propose a general methodology based on robust optimization to address the problem of optimally controlling a supply chain subject to stochastic demand in discrete time...
A simulation-based optimization framework involving simultaneous perturbation stochastic approximation (SPSA) is presented as a means for optimally specifying parameters of intern...