Data-driven Wasserstein distributionally robust dual-sourcing inventory model under uncertain demand
Author
Abstract
Suggested Citation
DOI: 10.1016/j.omega.2024.103112
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Sangyoon Lee & Hyunwoo Kim & Ilkyeong Moon, 2021. "A data-driven distributionally robust newsvendor model with a Wasserstein ambiguity set," Journal of the Operational Research Society, Taylor & Francis Journals, vol. 72(8), pages 1879-1897, August.
- Dilupa Nakandala & Henry Lau & Paul K.C. Shum, 2017. "A lateral transshipment model for perishable inventory management," International Journal of Production Research, Taylor & Francis Journals, vol. 55(18), pages 5341-5354, September.
- Zhongsheng Hua & Yimin Yu & Wei Zhang & Xiaoyan Xu, 2015. "Structural properties of the optimal policy for dual-sourcing systems with general lead times," IISE Transactions, Taylor & Francis Journals, vol. 47(8), pages 841-850, August.
- Hamed Mamani & Shima Nassiri & Michael R. Wagner, 2017. "Closed-Form Solutions for Robust Inventory Management," Management Science, INFORMS, vol. 63(5), pages 1625-1643, May.
- Kouki, Chaaben & Babai, M. Zied & Minner, Stefan, 2018. "On the benefit of dual-sourcing in managing perishable inventory," International Journal of Production Economics, Elsevier, vol. 204(C), pages 1-17.
- Karthik Natarajan & Melvyn Sim & Joline Uichanco, 2018. "Asymmetry and Ambiguity in Newsvendor Models," Management Science, INFORMS, vol. 64(7), pages 3146-3167, July.
- Yoichiro Fukuda, 1964. "Optimal Policies for the Inventory Problem with Negotiable Leadtime," Management Science, INFORMS, vol. 10(4), pages 690-708, July.
- Dimitris Bertsimas & Aurélie Thiele, 2006. "A Robust Optimization Approach to Inventory Theory," Operations Research, INFORMS, vol. 54(1), pages 150-168, February.
- Jiankun Sun & Jan A. Van Mieghem, 2019. "Robust Dual Sourcing Inventory Management: Optimality of Capped Dual Index Policies and Smoothing," Manufacturing & Service Operations Management, INFORMS, vol. 21(4), pages 912-931, October.
- Hekimoğlu, Mustafa & Scheller-Wolf, Alan, 2023. "Dual sourcing models with stock-out dependent substitution," European Journal of Operational Research, Elsevier, vol. 311(2), pages 472-485.
- Qiu, Ruozhen & Sun, Yue & Sun, Minghe, 2022. "A robust optimization approach for multi-product inventory management in a dual-channel warehouse under demand uncertainties," Omega, Elsevier, vol. 109(C).
- Georgia Perakis & Guillaume Roels, 2008. "Regret in the Newsvendor Model with Partial Information," Operations Research, INFORMS, vol. 56(1), pages 188-203, February.
- Senthil Veeraraghavan & Alan Scheller-Wolf, 2008. "Now or Later: A Simple Policy for Effective Dual Sourcing in Capacitated Systems," Operations Research, INFORMS, vol. 56(4), pages 850-864, August.
- Burcu Tan & Qi Feng & Wen Chen, 2016. "Dual Sourcing Under Random Supply Capacities: The Role of the Slow Supplier," Production and Operations Management, Production and Operations Management Society, vol. 25(7), pages 1232-1244, July.
- Jinfeng Yue & Bintong Chen & Min-Chiang Wang, 2006. "Expected Value of Distribution Information for the Newsvendor Problem," Operations Research, INFORMS, vol. 54(6), pages 1128-1136, December.
- Yang, Yongjian & Yin, Yunqiang & Wang, Dujuan & Ignatius, Joshua & Cheng, T.C.E. & Dhamotharan, Lalitha, 2023. "Distributionally robust multi-period location-allocation with multiple resources and capacity levels in humanitarian logistics," European Journal of Operational Research, Elsevier, vol. 305(3), pages 1042-1062.
- Feng, Yuqiang & Che, Ada & Tian, Na, 2024. "Robust inventory routing problem under uncertain demand and risk-averse criterion," Omega, Elsevier, vol. 127(C).
- Marcio Costa Santos & Agostinho Agra & Michael Poss, 2020. "Robust inventory theory with perishable products," Annals of Operations Research, Springer, vol. 289(2), pages 473-494, June.
- Aharon Ben-Tal & Dick den Hertog & Anja De Waegenaere & Bertrand Melenberg & Gijs Rennen, 2013.
"Robust Solutions of Optimization Problems Affected by Uncertain Probabilities,"
Management Science, INFORMS, vol. 59(2), pages 341-357, April.
- Ben-Tal, A. & den Hertog, D. & De Waegenaere, A.M.B. & Melenberg, B. & Rennen, G., 2011. "Robust Solutions of Optimization Problems Affected by Uncertain Probabilities," Discussion Paper 2011-061, Tilburg University, Center for Economic Research.
- Chuen-Teck See & Melvyn Sim, 2010. "Robust Approximation to Multiperiod Inventory Management," Operations Research, INFORMS, vol. 58(3), pages 583-594, June.
- Xiong, Xing & Li, Yanzhi & Yang, Wenguo & Shen, Huaxiao, 2022. "Data-driven robust dual-sourcing inventory management under purchase price and demand uncertainties," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 160(C).
- He, Jian & Alavifard, Farzad & Ivanov, Dmitry & Jahani, Hamed, 2019. "A real-option approach to mitigate disruption risk in the supply chain," Omega, Elsevier, vol. 88(C), pages 133-149.
- Gad Allon & Jan A. Van Mieghem, 2010. "Global Dual Sourcing: Tailored Base-Surge Allocation to Near- and Offshore Production," Management Science, INFORMS, vol. 56(1), pages 110-124, January.
- Yu, Haisheng & Zeng, Amy Z. & Zhao, Lindu, 2009. "Single or dual sourcing: decision-making in the presence of supply chain disruption risks," Omega, Elsevier, vol. 37(4), pages 788-800, August.
- Rahimian, Hamed & Bayraksan, Güzin & Homem-de-Mello, Tito, 2019. "Controlling risk and demand ambiguity in newsvendor models," European Journal of Operational Research, Elsevier, vol. 279(3), pages 854-868.
- Robert N. Boute & Marc R. Lambrecht, 2009. "Exploring the Bullwhip Effect by Means of Spreadsheet Simulation," INFORMS Transactions on Education, INFORMS, vol. 10(1), pages 1-9, September.
- Ming Zhao & Nickolas K. Freeman, 2019. "Robust Sourcing from Suppliers under Ambiguously Correlated Major Disruption Risks," Production and Operations Management, Production and Operations Management Society, vol. 28(2), pages 441-456, February.
- Soroush Saghafian & Brian Tomlin, 2016. "The Newsvendor under Demand Ambiguity: Combining Data with Moment and Tail Information," Operations Research, INFORMS, vol. 64(1), pages 167-185, February.
- Anshul Sheopuri & Ganesh Janakiraman & Sridhar Seshadri, 2010. "New Policies for the Stochastic Inventory Control Problem with Two Supply Sources," Operations Research, INFORMS, vol. 58(3), pages 734-745, June.
- Youqiong Ai & Yifan Xu, 2021. "Strategic sourcing in forward and spot markets with reliable and unreliable suppliers," International Journal of Production Research, Taylor & Francis Journals, vol. 59(3), pages 926-941, February.
- Cheng, Chun & Yu, Qinxiao & Adulyasak, Yossiri & Rousseau, Louis-Martin, 2024. "Distributionally robust facility location with uncertain facility capacity and customer demand," Omega, Elsevier, vol. 122(C).
- Wenbo Chen & Huixiao Yang, 2019. "A heuristic based on quadratic approximation for dual sourcing problem with general lead times and supply capacity uncertainty," IISE Transactions, Taylor & Francis Journals, vol. 51(9), pages 943-956, September.
- Xie, Chen & Wang, Liangquan & Yang, Chaolin, 2021. "Robust inventory management with multiple supply sources," European Journal of Operational Research, Elsevier, vol. 295(2), pages 463-474.
- Jakšič, M. & Fransoo, J.C., 2018. "Dual sourcing in the age of near-shoring: Trading off stochastic capacity limitations and long lead times," European Journal of Operational Research, Elsevier, vol. 267(1), pages 150-161.
- Mirzajani, Zahra & Nikoofal, Mohammad E. & Zolfaghari, Saeed, 2024. "Sustainable sourcing contracts under supplier capital constraints and information asymmetry," Omega, Elsevier, vol. 125(C).
- Luo, Sha & Ahiska, S. Sebnem & Fang, Shu-Cherng & King, Russell E. & Warsing, Donald P. & Wu, Shuohao, 2021. "An analysis of optimal ordering policies for a two-supplier system with disruption risk," Omega, Elsevier, vol. 105(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Xie, Chen & Wang, Liangquan & Yang, Chaolin, 2021. "Robust inventory management with multiple supply sources," European Journal of Operational Research, Elsevier, vol. 295(2), pages 463-474.
- Svoboda, Josef & Minner, Stefan & Yao, Man, 2021. "Typology and literature review on multiple supplier inventory control models," European Journal of Operational Research, Elsevier, vol. 293(1), pages 1-23.
- Jiankun Sun & Jan A. Van Mieghem, 2019. "Robust Dual Sourcing Inventory Management: Optimality of Capped Dual Index Policies and Smoothing," Manufacturing & Service Operations Management, INFORMS, vol. 21(4), pages 912-931, October.
- Xiong, Xing & Li, Yanzhi & Yang, Wenguo & Shen, Huaxiao, 2022. "Data-driven robust dual-sourcing inventory management under purchase price and demand uncertainties," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 160(C).
- Tong Wang & Xiaoyue Yan & Chaolin Yang, 2021. "Managing a Hybrid RDC‐DC Inventory System," Production and Operations Management, Production and Operations Management Society, vol. 30(10), pages 3679-3697, October.
- Boulaksil, Youssef & Hamdouch, Younes & Ghoudi, Kilani & Fransoo, Jan C., 2021. "Comparing policies for the stochastic multi-period dual sourcing problem from a supply chain perspective," Other publications TiSEM 242598b9-99de-4a3c-a1a9-4, Tilburg University, School of Economics and Management.
- Boulaksil, Youssef & Hamdouch, Younes & Ghoudi, Kilani & Fransoo, Jan C., 2021. "Comparing policies for the stochastic multi-period dual sourcing problem from a supply chain perspective," International Journal of Production Economics, Elsevier, vol. 232(C).
- Ghoudi, Kilani & Hamdouch, Younes & Boulaksil, Youssef & Hamdan, Sadeque, 2024. "Supply chain coordination in a dual sourcing system under the Tailored Base-Surge policy," European Journal of Operational Research, Elsevier, vol. 317(2), pages 533-549.
- Younes Hamdouch & Youssef Boulaksil & Kilani Ghoudi, 2023. "Dual sourcing inventory management with nonconsecutive lead times from a supply chain perspective: a numerical study," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 45(3), pages 1013-1041, September.
- Chaolin Yang & Diyuan Huang & Chenyang Xu, 2022. "Multi-index base-stock policy for inventory systems with multiple capacitated suppliers," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 44(1), pages 155-177, March.
- Mengshi Lu & Zuo‐Jun Max Shen, 2021. "A Review of Robust Operations Management under Model Uncertainty," Production and Operations Management, Production and Operations Management Society, vol. 30(6), pages 1927-1943, June.
- Serrano, Breno & Minner, Stefan & Schiffer, Maximilian & Vidal, Thibaut, 2024. "Bilevel optimization for feature selection in the data-driven newsvendor problem," European Journal of Operational Research, Elsevier, vol. 315(2), pages 703-714.
- Qiu, Ruozhen & Sun, Minghe & Lim, Yun Fong, 2017. "Optimizing (s, S) policies for multi-period inventory models with demand distribution uncertainty: Robust dynamic programing approaches," European Journal of Operational Research, Elsevier, vol. 261(3), pages 880-892.
- Drent, Melvin & Moradi, Poulad & Arts, Joachim, 2023. "Efficient emission reduction through dynamic supply mode selection," European Journal of Operational Research, Elsevier, vol. 311(3), pages 925-941.
- Hekimoğlu, Mustafa & Scheller-Wolf, Alan, 2023. "Dual sourcing models with stock-out dependent substitution," European Journal of Operational Research, Elsevier, vol. 311(2), pages 472-485.
- Lucas Böttcher & Thomas Asikis & Ioannis Fragkos, 2023. "Control of Dual-Sourcing Inventory Systems Using Recurrent Neural Networks," INFORMS Journal on Computing, INFORMS, vol. 35(6), pages 1308-1328, November.
- Tong Wang & Xiting Gong & Sean X. Zhou, 2017. "Dynamic Inventory Management with Total Minimum Order Commitments and Two Supply Options," Operations Research, INFORMS, vol. 65(5), pages 1285-1302, October.
- David A. Goldberg & Martin I. Reiman & Qiong Wang, 2021. "A Survey of Recent Progress in the Asymptotic Analysis of Inventory Systems," Production and Operations Management, Production and Operations Management Society, vol. 30(6), pages 1718-1750, June.
- Qiu, Ruozhen & Sun, Yue & Sun, Minghe, 2022. "A robust optimization approach for multi-product inventory management in a dual-channel warehouse under demand uncertainties," Omega, Elsevier, vol. 109(C).
- Jing-Sheng Song & Li Xiao & Hanqin Zhang & Paul Zipkin, 2017. "Optimal Policies for a Dual-Sourcing Inventory Problem with Endogenous Stochastic Lead Times," Operations Research, INFORMS, vol. 65(2), pages 379-395, April.
More about this item
Keywords
Inventory management; Dual sourcing; Distributionally robust optimization; Data-driven;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jomega:v:127:y:2024:i:c:s0305048324000781. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/375/description#description .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.