Results found: 1

Search results

Search:
in the keywords: production-distribution planning

Sort By:

Limit search:

Robust bi-level optimization for an opportunistic supply chain network design problem in an uncertain and risky environment

100%

GOLPÎRA H.

Operations Research and Decisions

2017

vol. 27

issue 1

21-41

This paper introduces the problem of designing a single-product supply chain network in an agile manufacturing setting under a vendor managed inventory (VMI) strategy to seize a new market oppor-tunity. The problem addresses the level of risk aversion of the retailer when dealing with the uncertainty of market related information through a conditional value at risk (CVaR) approach. This approach leads to a bilevel programming problem. The Karush–Kuhn–Tucker (KKT) conditions are employed to trans-form the model into a single-level, mixed-integer linear programming problem by considering some relaxations. Since realizations of imprecisely known parameters are the only information available, a data-driven approach is employed as a suitable, more practical, methodology of avoiding distribu-tional assumptions. Finally, the effectiveness of the proposed model is demonstrated through a numer-ical example.

Refine search results

1 Operations Research and Decisions

1 GOLPÎRA H.

1 2017

Search results

Robust bi-level optimization for an opportunistic supply chain network design problem in an uncertain and risky environment