{"id":12333,"date":"2018-12-14T14:01:20","date_gmt":"2018-12-14T14:01:20","guid":{"rendered":"http:\/\/cio.edu.umh.es\/?p=12333"},"modified":"2018-12-14T14:01:20","modified_gmt":"2018-12-14T14:01:20","slug":"on-the-time-consistent-stochastic-dominance-risk-averse-measure-for-tactical-supply-chain-planning-under-uncertainty-2018-computers-and-operations-research-100-270-286","status":"publish","type":"post","link":"https:\/\/cio.umh.es\/en\/2018\/12\/14\/on-the-time-consistent-stochastic-dominance-risk-averse-measure-for-tactical-supply-chain-planning-under-uncertainty-2018-computers-and-operations-research-100-270-286\/","title":{"rendered":"On the time-consistent stochastic dominance risk averse measure for tactical supply chain planning under uncertainty (2018). Computers and Operations Research, 100, 270\u2013286."},"content":{"rendered":"<p>[:es]<strong>Laureano F. Escudero <\/strong>(<em>Rey\u00a0Juan Carlos University<\/em>),\u00a0<strong>Juan Francisco Monge<\/strong>\u00a0(<em>University\u00a0Miguel Hern\u00e1ndez of Elche<\/em>) and<strong>\u00a0Dolores Romero Morales<\/strong>\u00a0(<em>Copenhagen Business School<\/em>).<br \/>\n<strong>Abstract.<\/strong>\u00a0In this work a modeling framework and a solution approach have been presented for a multi-period stochastic mixed 0\u20131 problem arising in tactical supply chain planning (TSCP). A multistage scenario tree based scheme is used to represent the parameters\u2019 uncertainty and develop the related Deterministic Equivalent Model. A cost risk reduction is performed by using a new time-consistent risk averse measure. Given the dimensions of this problem in real-life applications, a decomposition approach is proposed. It is based on stochastic dynamic programming (SDP). The computational experience is twofold, a compar- ison is performed between the plain use of a current state-of-the-art mixed integer optimization solver and the proposed SDP decomposition approach considering the risk neutral version of the model as the subject for the benchmarking. The add-value of the new risk averse strategy is confirmed by the compu- tational results that are obtained using SDP for both versions of the TSCP model, namely, risk neutral and risk averse.<br \/>\n<strong>Keywords. <\/strong>Tactical supply chain planning; Nonlinear separable objective function; Multistage stochastic integer optimization; Risk management; Time-consistency; Stochastic nested decomposition[:]<\/p>","protected":false},"excerpt":{"rendered":"<p>[:es]Laureano F. Escudero (Rey\u00a0Juan Carlos University),\u00a0Juan Francisco Monge\u00a0(University\u00a0Miguel Hern\u00e1ndez of Elche) and\u00a0Dolores Romero Morales\u00a0(Copenhagen Business School).<br \/>\nAbstract.\u00a0In this work a modeling framework and a solution approach have been presented for a multi-period stochastic mixed 0\u20131 problem arising in tactical supply chain planning (TSCP). A multistage scenario tree based scheme is used to represent the parameters\u2019 uncertainty [&#8230;]<\/p>","protected":false},"author":3477,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_links_to":"","_links_to_target":""},"categories":[369888],"tags":[],"_links":{"self":[{"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/posts\/12333"}],"collection":[{"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/users\/3477"}],"replies":[{"embeddable":true,"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/comments?post=12333"}],"version-history":[{"count":0,"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/posts\/12333\/revisions"}],"wp:attachment":[{"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/media?parent=12333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/categories?post=12333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/tags?post=12333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}