Sourcing Decision in a Multi-Period Model under Demand and Supply Uncertainty

2. Literature Review

In this paper, the main objective is to build a framework to address the problem of supplier sourcing in the presence of demand and supply uncertainty when multiple supplier option is available. Hence the relevant literature in this context can be divided into three loose categories. The first category would address how the researchers have modeled the presence of multiple suppliers in the classical profit-maximization or cost minimization framework. The second category would help us in modeling the uncertainty in supply by addressing the random yield problem. The last category would consist of the relevant studies which have been done in the context of multi-period scenario.