Integrated demand and procurement portfolio management with spot market volatility and option contracts

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• 作者：Yasemin Merzifonluoglu ^{myasemin@metu.edu.tr}
• 关键词：Supply chain management ; Demand management ; Procurement management ; Spot markets ; Stochastic Knapsack Problem
• 刊名：European Journal of Operational Research
• 出版年：2017
• 出版时间：1 April 2017
• 年：2017
• 卷：258
• 期：1
• 页码：181-192
• 全文大小：828 K
• 卷排序：258

文摘

This paper provides optimization models to select demand and supply portfolio. Option contracts and spot market purchases are possible recourse actions. Considered problem is a version of a Selective Newsvendor Problem (SNP). Stochastic Knapsack Problem (SKP) with recourse is also considered. Efficient solution algorithms provided high-quality solutions.