This paper deals with the joint optimisation of operations at the supply hub for the hub vendor and the upstream supplier. Different operating conditions are considered, namely, backordering, minimum and maximum specified inventory levels. Some analytical insights on better managing suppliers...

Risk interaction network (RIN), a system comprised of risk (nodes) and triggering relations (edges) between risks, changes the likelihood of occurring and also the impact of a risk. An issue of optimizing RIN, allowing for the risk response actions of weakening risk interactions, departs from...