Problem Definition:This paper studies the sourcing of a monopoly firm that procures from multiple unreliable suppliers to meet its deterministic/price-dependent demand. The suppliers' production processes are unreliable and are modeled by correlated proportional random yields. Academic/Practical...

In a multi-stage model of a bilateral supply chain, we study two postponement strategies that the downstream retailer may deploy to mitigate the supply yield risk originated from the upstream production process. The retailer could either postpone the procurement payment until after the yield is...

"Risk-control practices are often carried out by the finance function of a corporation without much input from other functional areas and lack of analysis on their impact of the supply chain and operational decisions. This book aims to bridge the gap in the literature by providing an unified...

This paper examines how a manufacturer in an assembly system should exert efforts to effectively manage its component supply base with social responsibility considerations. We develop a game-theoretic model where a manufacturer sources two components from two suppliers to assemble a final...

Global sourcing is popular due to its ability to provide high-quality products from a global pool of suppliers. However, the COVID-19 pandemic has resulted in a high risk of delivery delays. Once such delay occurs, the overseas supplier and the buyer usually execute the purchasing contract at a...