Agribusiness supply chain risk management: A review of quantitative decision models

Behzadi, Golnar; O'Sullivan, Michael J.; Olsen, Tava Lennon; Zhang, Abraham

doi:10.1016/j.omega.2017.07.005

Cited by 321 publications

(241 citation statements)

References 137 publications

(284 reference statements)

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“…Chen and Sapra () considered a finite periodic review model for a perishable product with a fixed lifetime equal to two periods. Behzadi, O'Sullivan, Olsen, and Zhang () gave a comprehensive review of this stream of research. Liu et al () considered the single‐product multiperiod inventory problem in which the wholesaler has only one chance to purchase the product in harvest season and retrieves the product to sell in multiple periods.…”

Section: Literature Reviewmentioning

confidence: 99%

Purchase and retrieval competition for seasonal produce

Zhang

et al. 2020

Naval Research Logistics

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We study the competition problem of purchase and multiretrieval of perishable seasonal produce, where wholesalers purchase and stock their products in the first period, and then retrieve and sell them in subsequent periods. We first consider the duopoly case and assume that the prices are exogenous and fluctuate. In each period, after the price realization, the wholesalers retrieve some stock from their warehouses to satisfy their demands. One wholesaler's unsatisfied customers can switch to another and be satisfied by its left retrieved products. Any unsold retrieved stock has no salvage value and any unsatisfied demand is lost. The unretrieved stock is carried to the next period at a perishable rate. The wholesalers compete for the substitute demand by determining their own purchase and retrieval quantities. We show the existence and uniqueness of a pure‐strategy Nash equilibrium, and that the Nash equilibrium strategy has the simple “sell‐down‐to” structure. We also consider the general N‐person game and show the existence of the Nash equilibrium, and characterize the structure of the equilibrium strategy for the symmetric case. In addition, we consider the case with endogenous prices, and show that the problem reduces to a repeated newsvendor game with price and inventory competition. We derive the conditions under which a unique Nash equilibrium exists and characterize the equilibrium strategy. Finally, we conduct numerical studies to examine the impacts of the model parameters on the equilibrium outcomes and to generate managerial insights.

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Section: Literature Reviewmentioning

confidence: 99%

Purchase and retrieval competition for seasonal produce

Zhang

et al. 2020

Naval Research Logistics

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“…Adenle et al [33] explored the key drivers and risk factors underlying agribusiness competitiveness in developing countries, taking Nigeria as a case to conduct an in-depth analysis. Behzadi et al [34] adopted a supply chain management view to review the relevant literature on quantitative risk management models for agribusiness. Shekhawat et al [35] developed the process and structure of agribusiness and agro-processing in Uttar Pradesh.…”

Section: Agribusinessmentioning

confidence: 99%

Constructing a Hierarchical Agribusiness Framework in Chinese Belt and Road Initiatives under Uncertainty

Cui

Zhang

et al. 2018

Sustainability

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Abstract:As a result of China launching its belt and road initiatives, an increasing number of firms are searching for an approach to developing sustainability. In particular, agribusinesses are encountering difficulties exploring decisive practices for sustainable food in a context involving diverse stakeholders. To clarify these differences in expectations between agribusinesses and their stakeholders, this study employs vague sets associated with interpretive structural modelling to develop a framework for agribusinesses and their customers. A comparison of these two frameworks reveals that the government still plays a key role in motivating sustainable food development in terms of establishing the relevant regulations and processes. Moreover, the customer is the final stakeholder that must be taken into account by agribusiness. Both agribusinesses and customers are concerned about health and safety considerations in sustainable food. Further details related to this context are addressed in the present study.

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“…Agribusiness plays an indispensable role in the world's economy and has become the most important source of food supplies [1]. However, the issue of sustainability has come to the forefront in recent decades.…”

Section: Introductionmentioning

confidence: 99%

“…In addition, SKM has been relatively underexplored in agribusiness, in which SKM has only been examined from perspectives such as innovation, supply chains or risk management [1,16]. Fabbe-Costes et al [17] emphasized that firms must work together in closed-loop SSCM, which has also been noted not only from a social perspective but also from environmental and economic perspectives (circular system).…”

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confidence: 99%

A Strategic Knowledge Management Approach to Circular Agribusiness

Shih

Lee

et al. 2018

Sustainability

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Abstract:In this study, we construct a theoretical model for strategic knowledge management in the circular agribusiness industry. Previous studies lack an analysis of strategic knowledge management and sets of measures. Hence, this study applies the fuzzy Technique for Order of Preference by Similarity to Ideal Solution (known as fuzzy TOPSIS), and utilizes the interrelationship weights as a parameter to justify the weights and address important attributes. The results demonstrate that strategic knowledge management improves a firm's competitive advantages through high-level management support. The theoretical and managerial implications are that high-level management support, firm performance, and knowledge management process cycles are the most important strategic knowledge management aspects for improving a firm's performance in circular agribusiness.

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Agribusiness supply chain risk management: A review of quantitative decision models

Cited by 321 publications

References 137 publications

Purchase and retrieval competition for seasonal produce

Purchase and retrieval competition for seasonal produce

Constructing a Hierarchical Agribusiness Framework in Chinese Belt and Road Initiatives under Uncertainty

A Strategic Knowledge Management Approach to Circular Agribusiness

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