Article ID Journal Published Year Pages File Type
1142665 Operations Research Letters 2013 7 Pages PDF
Abstract

Fadıloğlu et al. and Tajbakhsh et al. consider supplier diversification in an EOQ type inventory setting with multiple suppliers and binomial yield and show that working with a single supplier is always optimal. In this short note, we present an alternative and more elegant proof of the optimality of sole sourcing in the EOQ model with general random yield.

Related Topics
Physical Sciences and Engineering Mathematics Discrete Mathematics and Combinatorics
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