Journal
OPERATIONS RESEARCH LETTERS
Volume 36, Issue 5, Pages 539-542Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.orl.2008.05.008
Keywords
Inventory models; EOQ; Random yield; Multiple suppliers
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We consider supplier diversification in an EOQ type inventory setting with multiple suppliers and binomial yields. We characterize the optimal policy for the model and show that, in this case, it does not pay to diversify, in contrast to previous results in the random yield literature. (c) 2008 Elsevier B.V. All rights reserved.
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