Optimal Decisions in a Multi-Supplier, Single-Manufacturer, Multi-Newsvendor Supply Chain

Key Points

• To evaluate optimal decision-making strategies in a complex supply chain involving multiple suppliers and a single manufacturer.
• Analysis of a multi-supplier and single-manufacturer model
• Evaluation of decision-making scenarios
• Identification of optimal inventory strategies
• Optimal decision-making reduces costs in supply chain management
• Multi-supplier strategies enhance efficiency for manufacturers
• Demonstrated balance between supply and demand improves service levels

Abstract