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Inventory Mo del with Supply Disruption Risk and Service Level Constraint
Pages: 412-418
Year: Issue:  3
Journal: Chinese Quarterly Journal of Mathematics

Keyword:  inventory modeldisruption riskoptimal policyservice level;
Abstract: We develop a newsvender model with service level constraint for one-product and multi-supplier system, where the supplies are susceptible to disruption risks. We prove the convexity of the programming problem,and provide the neces-sary and sufficient conditions for the optimal order quantities. Through analysis or numerical experiments we observe the effects of the disrupt risk and the service level constraint on the optimal policy. We propose some managerial insights in managing the multi-source supply chain with disruption risks.
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