- Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
- Vol: 34 Issue: 2
- TEDARİKÇİ SEÇİMİ İÇİN RİSK GÖZETEN KARAR MODELLERİ
TEDARİKÇİ SEÇİMİ İÇİN RİSK GÖZETEN KARAR MODELLERİ
Authors : Yasemin Merzifonluoğlu Uzgören
Pages : 53-78
Doi:10.17065/huniibf.259133
View : 11 | Download : 3
Publication Date : 2016-06-23
Article Type : Research
Abstract :Decision models provided by this study aim to help managers to find remedies to devastating supply chain disruptions that could be caused by a mismatch between volatile customer demand and unreliable supply. We considered the newsvendor problem where the firm has more than one suppliers who are not necessarily reliable. We have provided a range of decision models with risk neutral and risk averse objective functions. The model uses scenarios to represent uncertain events (specifying customer demand and supplier reliability). Linear Programming formulations are provided which can be easily solved using commercially available software. A sample numerical study is also carried out to provide valuable managerial insights for optimal sourcing behaviors of risk averse and risk neutral firms. In the numerical study, expected profit, CVaR and Mean Excess Regret models are selected for evaluation.Keywords : newsvendor problem, supplier selection