Article citationsMore>>

Ellram, L.M. and Cooper, M.C. (1993) Characteristics of Supply Chain Management and the Implication for Purchasing and Logistics Strategy. International Journal of Logistics Management, 4, 13-24.
http://dx.doi.org/10.1108/09574099310804957

has been cited by the following article:

• TITLE: Risk Decision Analysis of Logistics Purchasing Based on Mathematical Expectation

  AUTHORS: Fengying Wang, Zhixin Liang

  KEYWORDS: Mathematical Expectation, Logistics Purchasing, Risk Decision, Stability

  JOURNAL NAME: Open Journal of Modelling and Simulation, Vol.4 No.2, April 26, 2016

  ABSTRACT: The mathematical expectation value method is a commonly used method in risk decision-making. This paper studies the problem of how to arrange the purchase plan in order to get the maximum expected profit; considering the applicable principles of mathematical expectation, the decision method for getting the optimal decision scheme is given. Finally, we do simulation and stability analysis on an example and obtain the reasonable result. This result shows that mathematical expectation value method is effective in solving the problem of risk decision.