Two-stage risk-averse stochastic programming approach for multi-item single source ordering problem: CVaR minimisation with transportation cost

Integrating inventory and transportation decisions is vital in supply chain management and can enable decision-makers to achieve competitive advantages. This study considers a multi-item replenishment problem (MIRP) with a piece-wise linear transportation cost under demand uncertainty, which usually...

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Bibliographic Details

Published in:	International journal of production research Vol. 61; no. 7; pp. 2129 - 2146
Main Authors:	Taghizadeh, Elham, Venkatachalam, Saravanan
Format:	Journal Article
Language:	English
Published:	London Taylor & Francis 03.04.2023 Taylor & Francis LLC
Subjects:	conditional-value-at-risk (CVaR) Decision making L-shaped algorithm multi-cuts Operating costs Replenishment Risk sample average algorithm Stochastic models Stochastic programming Supply chains Transportation
ISSN:	0020-7543, 1366-588X
Online Access:	Get full text
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