Modeling supplier selection and the use of option contracts for global supply chain design
Modeling supplier selection and the use of option contracts for global supply chain design
Ningxiong Xu,L. Nozick
2009 · DOI: 10.1016/j.cor.2008.12.013
Computers & Operations Research · 111 Citations
TLDR
A two-stage stochastic program and a solution procedure to optimize supplier selection to hedge against disruptions and allow for the effective quantitative exploration of the trade-off between cost and risks in global supply chain design.