This paper considers the 'inventory outsourcing problem when the supplier is a leader having full information of the outsourcing firm's demand distributions and parameters. This leads to a Stackleberg game which is solved under a number of cases. Both demand dependent and independent models are considered, the latter resulting from (statistical) risk aggregation of firms demands operating in correlated markets. A number of examples are also solved in order to highlight essential risk related and costs issues underlying inventory outsourcing. For practical purposes, a scenario-based linear programming problem is formulated to resolve the supplier's problem in any scenario set.

Supply risk and inventory outsourcing

Grando, Alberto
2006

Abstract

This paper considers the 'inventory outsourcing problem when the supplier is a leader having full information of the outsourcing firm's demand distributions and parameters. This leads to a Stackleberg game which is solved under a number of cases. Both demand dependent and independent models are considered, the latter resulting from (statistical) risk aggregation of firms demands operating in correlated markets. A number of examples are also solved in order to highlight essential risk related and costs issues underlying inventory outsourcing. For practical purposes, a scenario-based linear programming problem is formulated to resolve the supplier's problem in any scenario set.
2006
2007
Tapiero, Charles S.; Grando, Alberto
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/51011
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