Supply chain disruption assessment based on the newsvendor model
<p><strong>Purpose: </strong>This paper focuses on supply chain disruption assessment.</p><p><strong>Design/methodology/approach:</strong> Newsvendor Model</p><p><strong>Findings:</strong> As both cost and income principle will be tak...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
OmniaScience
2013-03-01
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| Series: | Journal of Industrial Engineering and Management |
| Subjects: | |
| Online Access: | http://www.jiem.org/index.php/jiem/article/view/613 |
| _version_ | 1819294949975261184 |
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| author | Yisong Li Xiaofei Chen Lu Jia |
| author_facet | Yisong Li Xiaofei Chen Lu Jia |
| author_sort | Yisong Li |
| collection | DOAJ |
| description | <p><strong>Purpose: </strong>This paper focuses on supply chain disruption assessment.</p><p><strong>Design/methodology/approach:</strong> Newsvendor Model</p><p><strong>Findings:</strong> As both cost and income principle will be taken into account in supply chain disruption assessment, we proposed in this paper: (1) the problem of supply chain disruption assessment is the trade-off problem. (2) the generic single period - newsvendor model can be used for capturing the critical point, which in tradition model stands for the demarcation point of profit but in this paper is the least costs considering disruption costs and expected revenues.</p><p><strong>Research limitations/implications:</strong> single period - newsvendor model</p><p><strong>Practical implications:</strong> we give an example for test the effectiveness of this method</p><p><strong>Originality/value: </strong>to research supply chain risk in a new approach, that is: supply chain risk has both cost and profit. So we can assess it with trade-off method</p> |
| first_indexed | 2024-12-24T04:34:27Z |
| format | Article |
| id | doaj.art-c8502e794ea14f77ac4ace1e9079963d |
| institution | Directory Open Access Journal |
| issn | 2013-8423 2013-0953 |
| language | English |
| last_indexed | 2024-12-24T04:34:27Z |
| publishDate | 2013-03-01 |
| publisher | OmniaScience |
| record_format | Article |
| series | Journal of Industrial Engineering and Management |
| spelling | doaj.art-c8502e794ea14f77ac4ace1e9079963d2022-12-21T17:15:15ZengOmniaScienceJournal of Industrial Engineering and Management2013-84232013-09532013-03-016118819910.3926/jiem.613160Supply chain disruption assessment based on the newsvendor modelYisong Li0Xiaofei Chen1Lu Jia2Beijing Jiaotong UniversityUniversity of TorontoBeijing Jiaotong University<p><strong>Purpose: </strong>This paper focuses on supply chain disruption assessment.</p><p><strong>Design/methodology/approach:</strong> Newsvendor Model</p><p><strong>Findings:</strong> As both cost and income principle will be taken into account in supply chain disruption assessment, we proposed in this paper: (1) the problem of supply chain disruption assessment is the trade-off problem. (2) the generic single period - newsvendor model can be used for capturing the critical point, which in tradition model stands for the demarcation point of profit but in this paper is the least costs considering disruption costs and expected revenues.</p><p><strong>Research limitations/implications:</strong> single period - newsvendor model</p><p><strong>Practical implications:</strong> we give an example for test the effectiveness of this method</p><p><strong>Originality/value: </strong>to research supply chain risk in a new approach, that is: supply chain risk has both cost and profit. So we can assess it with trade-off method</p>http://www.jiem.org/index.php/jiem/article/view/613supply chain disruptionrisk assessmentnewsvendor model |
| spellingShingle | Yisong Li Xiaofei Chen Lu Jia Supply chain disruption assessment based on the newsvendor model Journal of Industrial Engineering and Management supply chain disruption risk assessment newsvendor model |
| title | Supply chain disruption assessment based on the newsvendor model |
| title_full | Supply chain disruption assessment based on the newsvendor model |
| title_fullStr | Supply chain disruption assessment based on the newsvendor model |
| title_full_unstemmed | Supply chain disruption assessment based on the newsvendor model |
| title_short | Supply chain disruption assessment based on the newsvendor model |
| title_sort | supply chain disruption assessment based on the newsvendor model |
| topic | supply chain disruption risk assessment newsvendor model |
| url | http://www.jiem.org/index.php/jiem/article/view/613 |
| work_keys_str_mv | AT yisongli supplychaindisruptionassessmentbasedonthenewsvendormodel AT xiaofeichen supplychaindisruptionassessmentbasedonthenewsvendormodel AT lujia supplychaindisruptionassessmentbasedonthenewsvendormodel |