A multi-stage stochastic programming approach for supply chain risk mitigation via product substitution.
Seyed Mahdi Ghorashi KhalilabadiSeyed Hessameddin ZegordiEhsan NikbakhshPublished in: Comput. Ind. Eng. (2020)
Keyphrases
- stochastic programming
- multistage
- supply chain
- risk management
- capacity planning
- product life cycle
- bullwhip effect
- customer demand
- supply chain management
- decision making
- production system
- life cycle
- dynamic programming
- reverse logistics
- production line
- lead time
- lot sizing
- inventory control
- customer orders
- single stage
- service level
- optimal policy
- single product
- markov decision processes
- planning horizon
- finite horizon
- expected utility
- capacity expansion
- data mining