Original paper
Increasing Supply Chain Robustness through Process Flexibility and Inventory
Volume: 27, Issue: 8, Pages: 1476 - 1491
Published: May 3, 2018
Abstract
We study a hybrid strategy that uses both process flexibility and finished goods inventory for supply chain risk mitigation. The interplay between process flexibility and inventory is modeled as a two‐stage robust optimization problem. In the first stage, the firm allocates inventory before disruption happens; in the second stage, after a disruption happens, the firm determines production quantities at each plant to minimize demand loss. Our...
Paper Details
Title
Increasing Supply Chain Robustness through Process Flexibility and Inventory
Published Date
May 3, 2018
Volume
27
Issue
8
Pages
1476 - 1491