Sourcing decisions with uncertain time-dependent supply from an unreliable supplier

Zheng, Meimei; Dong, Shuangshuang; Zhou, Yaoming; Choi, Tsan‐Ming

doi:10.1016/j.ejor.2022.11.021

Cited by 7 publications

(7 citation statements)

References 38 publications

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“…For instance, ref. [6] employed an information-updating approach to formulate appropriate strategies. Ref.…”

Section: Literature Reviewmentioning

confidence: 99%

“…We adopt the demand forecasting updating modeling approach proposed by ref. [6]. Given the forecast of uncertain demand ε 1 in the first stage, the uncertain demand ε 2 in the second stage is represented by the distribution function F 1 (.|ε 1 ) and the density function f 1 (.|ε 1 ).…”

Section: Model Descriptionmentioning

confidence: 99%

“…Additionally, postponing some orders close to the sales period to obtain more perfect supply and demand information is an effective strategy for supply-demand alignment [6]. Under this approach, companies not only gain access to the latest demand forecasts but also monitor the production status of the unreliable supplier and the reliable supplier.…”

Section: Introductionmentioning

confidence: 99%

“…To address the aforementioned issues, we adopt a two-stage ordering model similar to ref. [6]. The manufacturer has the option to place orders with three suppliers.…”

Section: Introductionmentioning

confidence: 99%

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Ordering Decisions with an Unreliable Supplier under the Carbon Cap-and-Trade System

Ren,

Bian,

et al. 2023

Sustainability

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The global focus on carbon reduction has intensified, prompting numerous high-energy-consuming enterprises to venture into the carbon cap-and-trade system. However, in recent years, the emergence of destabilizing factors has introduced disruptions to supply chains. The study addresses the two-stage ordering problem for a manufacturer under the carbon cap-and-trade system. In the first stage, the manufacturer engages in green investments and places orders with both an unreliable and a reliable supplier. After updating demand forecast information in the second stage, orders are placed with the backup supplier, and carbon allowances are settled at the end of the period. Under these conditions, three supply scenarios of the unreliable supplier are considered: time-varying supply with imperfect demand updates, all-or-nothing supply with imperfect demand updates, and time-varying supply with perfect demand updates. Optimal ordering decisions are provided for each scenario. We find that when demand updates are imperfect, the manufacturer will invariably engage with the unreliable supplier. However, when demand updates are perfect, the manufacturer may choose to forgo the unreliable supplier. Next, we analyze the influence of carbon trading prices on ordering decisions in these scenarios. We find that when the probability of disruption is substantial, dual sourcing must exist in the first stage under the all-or-nothing supply. Finally, we conduct numerical analysis by utilizing parameters, such as carbon trading prices, as referenced in the existing literature. Through numerical analysis, we find that opting for the all-or-nothing supplier becomes economically advantageous for the manufacturer when the backup supplier is profitable. Conversely, when the backup supplier is not profitable, the manufacturer tends to opt for the unreliable supplier with time-varying supply. Moreover, optimal profit for the manufacturer is not achieved when demand updates are perfect.

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“…For instance, ref. [6] employed an information-updating approach to formulate appropriate strategies. Ref.…”

Section: Literature Reviewmentioning

confidence: 99%

Section: Model Descriptionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

“…To address the aforementioned issues, we adopt a two-stage ordering model similar to ref. [6]. The manufacturer has the option to place orders with three suppliers.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Ordering Decisions with an Unreliable Supplier under the Carbon Cap-and-Trade System

Ren,

Bian,

et al. 2023

Sustainability

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show abstract

“…For these reasons, the purpose of the company must transcend its own centralism and be able to satisfy the needs of its internal and external stakeholders. A strategy that ends up favoring them and consolidating their own image, sustainability, and growth (Lang & Hoffer-Fischanger, 2023;Senerat et al, 2023;Zheng et al, 2023).…”

Section: Introductionmentioning

confidence: 99%

The purpose of the company beyond its position in the market: The new agent of social development

Rodrich‐Portugal,

Marino‐Jiménez,

Mayurí‐Aguilar

et al. 2023

Bus Strat Dev

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The purpose of companies as profit generators has been questioned because of the relationship between strategy and results in the recent systemic crises. Therefore, it is necessary to implement strategies that allow economic sustainability, based on a better relationship with society and the environment. This means turning companies into agents for the development and protection of the community, as well as building trust for their own stakeholders. This article analyzes the bases for the consolidation of a purpose related to these principles, using system thinking for the integrated participation of Corporate Social Responsibility (CSR) and the Sustainable Development Goals (SDGs). This strategy allows replicability based on archetypes that explain dynamic relationships in organizations, with the flexibility and openness required to adapt to different contexts.

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Shipment policy and its impact on coordination of a fashion supply chain under production uncertainty

Alom,

Basu,

Basu

et al. 2024

Transportation Research Part E: Logistics and Transportation Re

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Sourcing decisions with uncertain time-dependent supply from an unreliable supplier

Cited by 7 publications

References 38 publications

Ordering Decisions with an Unreliable Supplier under the Carbon Cap-and-Trade System

Ordering Decisions with an Unreliable Supplier under the Carbon Cap-and-Trade System

The purpose of the company beyond its position in the market: The new agent of social development

Shipment policy and its impact on coordination of a fashion supply chain under production uncertainty

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