Browsing by Subject "Random yield"
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Item Open Access Supplier diversification under binomial yield(Elsevier, 2008) Fadıloǧlu, M. M.; Berk, E.; Gürbüz, M. Ç.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.