Embedding Comprehensive Risk in Supply Chain Network Design Models

Abstract

The management of supply chains seeks to plan, monitor, and control a network of interdependent organizations that facilitates different types of flows between the original producer to the final customer. The major objectives of supply chain management are the maximization of profitability and the achievement of customers’ satisfaction [292]. As the determination of the best supply chain configuration that supports supply chain’s goal achievement is an important task of the strategic planning process, facility location problems are of particular interest for supply chain management [205].