Supplier diversification under binomial yield |
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| Authors: | Mehmet Murat Fad&#x;lolu Emre Berk Mustafa ar&#x; Gürbüz |
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| Institution: | aDepartment of Industrial Engineering, Bilkent University, Ankara, Turkey;bDepartment of Management, Bilkent University, Ankara, Turkey;cMIT-Zaragoza Logistics Center, Zaragoza, Spain |
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| Abstract: | 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. |
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| Keywords: | Inventory models EOQ Random yield Multiple suppliers |
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