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Risk Analysis in Stochastic Supply Chains: A Mean-Risk Approach

Risk Analysis in Stochastic Supply Chains: A Mean-Risk Approach

Hardcover

Series: International Operations Research & Management Science, Book 178

Business GeneralManagement

ISBN10: 1461438683
ISBN13: 9781461438687
Publisher: Springer Nature
Published: Jun 6 2012
Pages: 98
Weight: 0.65
Height: 0.50 Width: 6.10 Depth: 9.20
Language: English

Risk analysis is crucial in stochastic supply chain models. Over the past few years, the pace has quickened for research attempting to explore risk analysis issues in supply chain management problems, while the majority of recent papers focus on conceptual framework or computational numerical analysis. Pioneered by Nobel laureate Markowitz in the 1950s, the mean-risk (MR) formulation became a fundamental theory for risk management in finance. Despite the significance and popularity of MR-related approaches in finance, their applications in studying multi-echelon supply chain management problems have only been seriously explored in recent years.

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