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Executives at multiple suppliers, in interviews, said that Hewlett-Packard and others allowed them slightly more profits and other allowances if they were used to improve worker conditions.
However, there are limitations of existing methods for modeling multiple correlated risks to support decision makers for allocating orders among multiple suppliers in the presence of spot market.
It also relies on a supply chain that stretches across the globe, as multiple suppliers in many countries are producing the more than four million parts that will go into the plane.
Just one package of meat could be linked to multiple suppliers in Romania, The Netherlands, France and across Europe.
It is composed of components made by multiple suppliers in different countries, which are shipped to another country to be assembled into a final product, and are ultimately sold in other places.
Song et al. (2014) proposed a mathematical model for the optimal material procurement and production control problem in a manufacturing SC with multiple suppliers in the presence of multiple uncertainties such as uncertain material supplies, stochastic production times, and random customer demands.
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N-BOCA is a flexible iterative combinatorial auction model that offers more optimized trading for multiple suppliers and purchasers in the supply chain than one-sided combinatorial auction.
Computational experiments on randomly generated problem instances and real case studies indicate that significant gains can be achieved with relatively little effort by expanding the boundary of analysis to include multiple suppliers and multiple customers in the analysis and design of a supply chain network.
The significance of this paper is to propose a novel decision support framework which helps the buyer to make optimal and robust procurement decision including supplier selection and order allocation among multiple supplier sources in the existence of correlated demand, yield and spot price uncertainties.
Where multiple suppliers of emission reductions compete in a REDD+ carbon market, tropical timber companies are likely to change their management practices only if very favourable conditions are met, namely if the timber contribution margin remains low enough and if alternative management practices and associated incentives are appropriately chosen.
The company specializes in reverse auctions in which it lines up multiple suppliers for client (buyer) needs.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com