A two-period sourcing model with demand and supply risks

References

• Almond Board of California. (2012). Almond almanac. Retrieved August 2015, from http://www.almonds.com/sites/default/files/content/attachments/2012-almond.pdf
   Google Scholar
• Alston, J., Carman, H., & Christian, J. (1995). Optimal reserve and export policies for the california almond industry: Theory, econometrics and simulations (Giannini Foundation Monograph Number 42). Davis, CA: Giannini Foundation.
   Google Scholar
• Bansal, S., & Transchel, S. (2014). Managing supply risk for vertically differentiated co-products. Production and Operations Management, 23(9), 1577–1598.
   Web of Science ®Google Scholar
• California Department of Food and Agriculture. (2015). 2015 California almond acreage report. Retrieved May 2017, from https://www.nass.usda.gov/Statistics-by-State/California/Publications/Fruits-and-Nuts/2016/201605almac.pdf
   Google Scholar
• Cheong, T., & Song, S. H. (2013). The value of information on supply risk under random yields. Transportation Research Part E: Logistics and Transportation Review, 60(1), 27–38.
   Google Scholar
• Denardo, E. V., & Lee, T. Y. (1996). Managing uncertainty in a serial production line. Operations Research, 44(2), 382–392.
   Google Scholar
• Duncan, R., Verdegaal, P., Holtz, B., Klonsky, K., & De Moura, R. (2006). Sample costs to establish an orchard and produce almonds: San joaquin valley north flood irrigation. Davis, CA, USA: University of California Cooperative Extension.
   Google Scholar
• Eskandarzadeh, S., Eshghi, K., & Bahramgiri, M. (2016). Risk shaping in production planning problem with pricing under random yield. European Journal of Operational Research, 253(1), 108–120.
   Web of Science ®Google Scholar
• Ezell, B. (2010). The fundamentals of selling almonds. Retrieved August 2015, from http://www.almonds.com/sites/default/files/content/attachments/economics-of-growing-almonds-revised.pdf
   Google Scholar
• Ferrer, G. (2003). Yield information and supplier responsiveness in remanufacturing operations. European Journal of Operational Research, 149(3), 540–556.
   Web of Science ®Google Scholar
• Fitchette, T. (2015). Almond industry talks of challenges and success. Western Farm Press. Retrieved May 2015, from http://www.westernfarmpress.com/tree-nuts/almond-industry-talks-challenges-and-success
   Google Scholar
• Güler, M. G., & Bilgiç, T. (2009). On coordinating an assembly system under random yield and random demand. European Journal of Operational Research, 196(1), 342–350.
   Web of Science ®Google Scholar
• Heesun, W. (2016). What almond growers want this year: Rain and bees. CNBC. Retrieved May 2015, from http://www.cnbc.com/2016/01/26/prices-of-mighty-almonds-down-amid-el-nino-related-cold-rain.htmll
   Google Scholar
• Henig, M., & Gerchak, Y. (1990). The Structure of Periodic Review Policies in the Presence of Random Yield. Operations Research, 38(4), 634–643.
   Web of Science ®Google Scholar
• Hill, S., Stephenson, D., & Taylor, B. (1987). Almond yield in relation to tree size. Scientia horticulturae, 33(1–2), 97–111.
   Google Scholar
• Hope, R. (2017). Background on farm organization. USDA. Retrieved May 2017, from https://www.ers.usda.gov/topics/farm-economy/farm-structure-and-organization/background-on-farm-organization.aspx
   Google Scholar
• Huh, W. T., & Lall, U. (2013). Optimal crop choice, irrigation allocation, and the impact of contract farming. Production and Operations Management, 22(5), 1126–1143.
   Web of Science ®Google Scholar
• Inderfurth, K. (2004). Analytical solution for a single period production inventory problem with uniformly distributed yield and demand. Central European Journal of Operations Research, 12(1), 117–127.
   Google Scholar
• Jones, P. C., Lowe, T. J., Traub, R. D., & Kegler, G. (2001). Matching supply and demand. Manufacturing & Service Operations Management, 3(2), 122–137.
   Google Scholar
• Käki, A., Liesiö, J., Salo, A., & Talluri, S. (2015). Newsvendor decisions under supply uncertainty. International Journal of Production Research, 53(5), 1544–1560.
   Web of Science ®Google Scholar
• Karlin, S. (1958). One stage inventory models with uncertainty. Studies in the mathematical theory of inventory and production. Standford, CA: Standford University Press.
   Google Scholar
• Kazaz, B. (2004). Production planning under yield and demand uncertainty with yield-dependent cost and price. Manufacturing & Service Operations Management, 6(3), 209–224.
   Google Scholar
• Kazaz, B., & Webster, S. (2011). The impact of yield-dependent trading costs on pricing and production planning under supply uncertainty. Manufacturing & Service Operations Management, 13(3), 404–417.
   Web of Science ®Google Scholar
• Kiesmüller, G., & Minner, S. (2003). Simple expressions for finding recovery system inventory control parameter values. Journal of the Operational Research Society, 54(1), 83–88.
   Web of Science ®Google Scholar
• Klonsky, K. (2010). The economics of growing almonds. Retrieved August 2015, from http://www.almonds.com/sites/default/files/content/attachments/economics-of-growing-almonds-revised.pdf
   Google Scholar
• Kunkel, P., Peterson, J., & Mitchell, J. (2009). Agricultural production contracts. St. Paul, MN: University of Minnesota Extension Services.
   Google Scholar
• Lampinen, B. D., Tombesi, S., Metcalf, S. G., & DeJong, T. M. (2011). Spur behaviour in almond trees: relationships between previous year spur leaf area, fruit bearing and mortality. Tree physiology, 31(7), 700–706.
   Google Scholar
• Lee, H. L. (1992). Lot sizing to reduce capacity utilization in a production process with defective items, process corrections, and rework. Management Science, 38(9), 1314–1328.
   Web of Science ®Google Scholar
• Li, X., & Li, Y. (2016). On lot-sizing problem in a random yield production system under loss aversion. Annals of Operations Research, 240(2), 415–434.
   Web of Science ®Google Scholar
• Liu, S., So, K. C., & Zhang, F. (2010). Effect of supply reliability in a retail setting with joint marketing and inventory decisions. Manufacturing & Service Operations Management, 12(1), 19–32.
   Google Scholar
• Ma, L., Xue, W., Zhao, Y., & Zeng, Q. (2016). Loss-averse newsvendor problem with supply risk. Journal of the Operational Research Society, 67(2), 214–228.
   Web of Science ®Google Scholar
• Micke, W. (1996). Almond production manual. Division of Agriculture and Natural Resources: University of California.
   Google Scholar
• Nahmias, S. (2005). Production and operations analysis. New York, NY: McGraw/Irwin.
   Google Scholar
• Noori, A., & Keller, G. (1986). One-period order quantity strategy with uncertain match between the amount received and quantity requisitioned. INFOR, 24(1), 1–12.
   Web of Science ®Google Scholar
• Okyay, H., Karaesmen, F., & Özekici, S. (2014). Newsvendor models with dependent random supply and demand. Optimization Letters, 8(3), 983–999.
   Google Scholar
• Pierson, D. (2014). California farms lead the way in almond productionl. Los Angeles Times. Retrieved May 2017, from http://www.latimes.com/business/la-fi-california-almonds-20140112-story.htm
   Google Scholar
• Rekik, Y., Sahin, E., & Dallery, Y. (2006). A comprehensive analysis of the Newsvendor model with unreliable supply. OR Spectrum, 29(2), 207–233.
   Google Scholar
• Roberts, M. J., Osteen, C., & Soule, M. (2004). Risk, government programs, and the environment and the environment (volume TB-1908). Washington, DC: United States Department of Agriculture.
   Google Scholar
• Rural Advancement Foundation International. (2012). Understanding contract agriculture. Retrieved May 2017, from http://rafiusa.org/programs/contract-agriculture-reform/understanding-contract-agriculture/
   Google Scholar
• Serel, D. A. (2014). Optimal resource acquisition policy for a newsvendor under supply risk. Journal of the Operational Research Society, 65(11), 1748–1759.
   Web of Science ®Google Scholar
• Shih, W. (1980). Optimal inventory policies when stockouts result from defective products. International Journal of Production Research, 18, 677–686.
   Web of Science ®Google Scholar
• Sloan, T. (2004). A periodic review production and maintenance model with random demand, deteriorating equipment, and binomial yield. Journal of the Operational Research Society, 55(6), 647–656.
   Web of Science ®Google Scholar
• Surti, C., Hassini, E., & Abad, P. (2013). Pricing and inventory decisions with uncertain supply and stochastic demand. Asia-Pacific Journal of Operational Research, 30(2), 1350030-1–1350030-25.
   Google Scholar
• Tan, B., & Çömden, N. (2012). Agricultural planning of annual plants under demand, maturation, harvest, and yield risk. European Journal of Operational Research, 220(2), 539–549.
   Web of Science ®Google Scholar
• Tao, Z., Zhou, S. X., & Tang, C. S. (2012). Managing a remanufacturing system with random yield: properties, observations, and heuristics. Production and Operations Management, 21(5), 797–813.
   Google Scholar
• Topkis, D. M. (1998). Spermodularity and complementarity. Princeton, NJ: Princeton University Press.
   Google Scholar
• Wang, Y., & Gerchak, Y. (1996). Periodic review production models with variable capacity, random yield, and uncertain demand. Management science, 42(1), 130–137.
   Web of Science ®Google Scholar
• Yano, C., & Lee, H. (1995). Lot sizing with random yields: A review. Operations Research, 43(2), 311–334.
   Web of Science ®Google Scholar
• Zawada, C. (2004). Grain and seed contracts for farmers. Saskatchewan: Agriculture Institute of Management.
   Google Scholar