Firms mitigate uncertainty in demand and supply by carrying safety stock, planning for excess capacity and diversifying supply sources. In this study, we provide a framework to jointly optimize these three levers in a periodic review infinite horizon setting, and in particular we examine how one...

We present a framework to analyze the process location and product distribution problem with uncertain yields for a large multinational food processing company. This problem consists in selecting the location of processes, the assignment of products and the distribution of production quantities...