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Mean-Risk Analysis: Conclusion, Future Research and Extensions

In: Risk Analysis in Stochastic Supply Chains

Author

Listed:
  • Tsan-Ming Choi

    (The Hong Kong Polytechnic University)

  • Chun-Hung Chiu

    (City University of Hong Kong)

Abstract

In the previous chapters, we discussed the use of mean-risk approach in conducting supply chain risk analysis for the single period and multiple periods supply chain inventory problems. We also explored the incorporation of mean-risk approach in the determination of the supply chain coordination contracts. From all the findings and insights generated, we have confidence to conclude that the mean-risk approach is obviously a versatile and significant way to conduct supply chain risk analysis. We believe that it has more potential than what we reviewed and discussed in the previous chapters. As a result, as a part of our conclusion, we discuss several future research directions and probable extensions for mean-risk supply chain analysis.

Suggested Citation

  • Tsan-Ming Choi & Chun-Hung Chiu, 2012. "Mean-Risk Analysis: Conclusion, Future Research and Extensions," International Series in Operations Research & Management Science, in: Risk Analysis in Stochastic Supply Chains, edition 127, chapter 0, pages 87-95, Springer.
    • Handle: RePEc:spr:isochp:978-1-4614-3869-4_5
    DOI: 10.1007/978-1-4614-3869-4_5
    as

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