A Mean-Variance robust model to minimize operational risk and supply chain cost under aleatory uncertainty: A real-life case application in petroleum supply chain
Pradeep Kumar Tarei, Gopal Kumar, M. Ramkumar
Topics & Concepts
Supply chainRobustness (evolution)Total costSupply chain risk managementRisk aversion (psychology)Variance (accounting)Stochastic programmingRobust optimizationSupply chain networkComputer scienceMathematical optimizationEconomicsRisk analysis (engineering)Supply chain managementService managementExpected utility hypothesisBusinessMicroeconomicsMathematicsBiochemistryMathematical economicsMarketingChemistryAccountingGeneProcess Optimization and IntegrationSupply Chain Resilience and Risk ManagementSustainable Supply Chain Management