The optimal recovery-fund based strategy for uncertain supply chain disruptions: A risk-averse two-stage stochastic programming approach

• Published in: Transportation research. Part E, Logistics and transportation review Vol. 152; p. 102387
• Main Authors: Zhu, Xiaoyan, Cao, Yunzhi
• Format: Journal Article
• Language: English
• Published: Elsevier Ltd 01.08.2021
• Subjects: Location-inventory-transportation model; Recovery-fund based mitigation strategy; Risk-averse two-stage stochastic programming; Supply chain disruption management; Trust-region-based decomposition method; Supply chain disruption management; Trust-region-based decomposition method; Recovery-fund based mitigation strategy; Risk-averse two-stage stochastic programming; Location-inventory-transportation model

•Jointly optimized the supply chain location, inventory and recovery management.•Addressed uncertain disruptions on plant production capacities.•Proposed a recovery investment strategy to adjust the recovery speed and duration.•Developed a risk-averse two-stage stochastic model and a decomposition m...