Supply chain multi-state risk assessment using universal generating function
Abstract
This paper proposes a new approach to assess the supply risk beyond the classical binary assumption of either delivering the whole quantity or not. Given today’s stochastic nature of supply and the dynamic nature of demand, the different supply activities along with the chain exhibit a multi-state behaviour increasing the complexity of their risk assessment. The new approach utilizes the universal generating function (UGF) to model the different...
Paper Details
Title
Supply chain multi-state risk assessment using universal generating function
Published Date
Nov 25, 2019
Volume
31
Issue
9
Pages
699 - 708
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