With supply chains becoming increasingly extended, the uncertainties in the upstream production process can greatly affect the material flows that aim toward meeting the uncertain demands at the downstream. We analyze a two-location system in which the upstream production facility experiences...

This paper studies the issue of coordinating equipment maintenance operations with capital investment strategy in the presence of random equipment failures. This problem represents an important extension of the celebrated Kamien and Schwartz (KS) paper published in Management Science. The...

This chapter examines the interaction between supply price uncertainty and demand uncertainty. We consider a manufacturer who sources a key component using different procurement options: a long-term order on a price-only contract, short-term orders on an adjustment contract, and short-term...