Sourcing Decision in a Multi-Period Model under Demand and Supply Uncertainty

Author:

Bagchi Shantanu Shankar1,Bhattacharya Sourabh2

Affiliation:

1. IBS Hyderabad, Hyderabad, India

2. Institute of Management Technology, Hyderabad, India

Abstract

Determining the optimum number of suppliers and the optimum quantities to order from each of them is a critical problem for any supply chain. This paper has mathematically arrived at conditions to identify the appropriate sourcing strategy in a multi-period scenario for a stochastic supply and a stochastic demand environment. It has also obtained the total order quantity, optimum number of suppliers and order allocation to each of the suppliers under both uncertain demand and supply in the multiple-period context. Through a numerical analysis this work could bring interesting managerial insights about the sourcing strategies.

Publisher

IGI Global

Subject

Information Systems,Management Information Systems

Cited by 8 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. Order allocation in purchasing management: a review of state-of-the-art studies from a supply chain perspective;International Journal of Production Research;2020-04-20

2. Developing Information Sharing Model Using Cloud Computing and Smart Devices for SMEs Supply Chain;Supply Chain and Logistics Management;2020

3. Supplier Selection Under Conditions of Uncertainty;International Journal of Information Systems and Supply Chain Management;2019-10

4. Contingent Strategies for Mitigating Supply Disruptions With Backup Supplier and Information Acquirement;International Journal of Information Systems and Supply Chain Management;2018-04

5. Fuzzy Multi-Objective Supplier Selection considering Production Requirements in Resilient Supply Chain;International Journal of Information Systems and Supply Chain Management;2017-07

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