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Supply Uncertainty and Diversification: A Review

  • M. Mahdi Tajbakhsh
  • Saeed Zolfaghari
  • Chi-Guhn Lee
Chapter
Part of the Springer Series in Advanced Manufacturing book series (SSAM)

Abstract

We review inventory models that use multiple sourcing (diversification) to deal with upstream (supply) uncertainty. To provide a structured review, we identify three sources of supply uncertainty as follows: supply timing, supply quantity (or quality), and purchase price. Then, we summarize the main results that exist in the literature. Finally, based on our observations, we provide directions for future research.

Keywords

Lead Time Inventory Model Order Quantity Shortage Cost Optimal Order Quantity 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag London Limited 2007

Authors and Affiliations

  • M. Mahdi Tajbakhsh
    • 1
  • Saeed Zolfaghari
    • 2
  • Chi-Guhn Lee
    • 1
  1. 1.Department of Mechanical and Industrial EngineeringUniversity of TorontoCanada
  2. 2.Department of Mechanical and Industrial EngineeringRyerson UniversityCanada

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