Detailed Information
Cited 0 time in 
Cited 0 time in 
Cited 0 time in
Metadata Downloads
Optimal order quantities considering complementary orders under TWO suppliers' disruption risks
- Issue Date
- Apr-2020
- Publisher
- ICIC International
- Keywords
- Complementary order; Optimal order quantity; Procurement policy; Supplier disruption
- Citation
- ICIC Express Letters, v.14, no.4, pp.347 - 352
- Journal Title
- ICIC Express Letters
- Volume
- 14
- Number
- 4
- Start Page
- 347
- End Page
- 352
- ISSN
- 1881-803X
- Abstract
- This paper investigates the determination of the optimal order quantity for a vendor due to the disruption risks of the supplier. The optimal order quantity is determined by minimizing the initial supply cost for each supplier, the supply cost for the complementary order, the stock disposal profit, and the total expected cost reflecting the inventory depletion cost. In order to determine the optimal order quantity, the problem is formulated as a mathematical model, and an optimal ordering strategy is derived through mathematical analysis based on the probability of supplier disruption. In addition, the adequacy and validity of the mathematical model are demonstrated through numerical experiments. © 2020 ISSN 1881-803X.
- Files in This Item
- There are no files associated with this item.
- Appears in
Collections - College of Engineering > ETC > 1. Journal Articles
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.
Related Researcher
- Son, Jae Dong
- College of Engineering (Department of Industrial & Information Systems Engineering)