Optimal position of supply chain delivery window with risk-averse suppliers: A CVaR optimization approach

  title={Optimal position of supply chain delivery window with risk-averse suppliers: A CVaR optimization approach},
  author={Liangyan Tao and Sifeng Liu and Nai-ming Xie and S. Javed},
  journal={International Journal of Production Economics},
Abstract The study introduces the concept of risk-averse optimal position of the delivery window (RA-OPDW) into a cost-based delivery performance model. The penalty costs for early and late deliveries have attracted much attention in the background of supply delivery performance. However, minimizing the expected penalty has a critical disadvantage that it ignores the risk-averse attitude of decision-makers. Thereby, a Conditional Value-at-Risk (CVaR) measure of the penalty on untimely delivery… 
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