Article ID Journal Published Year Pages File Type
7427694 Transportation Research Part E: Logistics and Transportation Review 2018 24 Pages PDF
Abstract
The rising disruptions of interdictors force supply chains' designers to embody the protection decisions when locating the facilities. In the presence of variability in the intensity of disruptions, a risk measure is incorporated into the decision-making. The designer-interdictor bi-level problem, therefore, optimizes the joint location and protection decisions with respect to the conditional value-at-risk. This configuration has been absent from the literature. An accelerated modified Benders decomposition algorithm is developed and enhanced by being hybridized with a sample average approximation-based genetic algorithm. We examine how this new configuration influences the optimal solutions and assess the effectiveness of the proposed method.
Related Topics
Social Sciences and Humanities Business, Management and Accounting Business and International Management
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