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Stochastic Capacity Management In The Presence Of Production Resource Disruption, Boya Yang
Stochastic Capacity Management In The Presence Of Production Resource Disruption, Boya Yang
Dissertations and Theses Collection (Open Access)
This dissertation studies the capacity investment decision of a manufacturing firm facing demand uncertainty in the presence of shortage possibility in production resources, as often ignored in the literature. These production resources can be physical resources (component / raw material) or financial resources (working capital / budget). The shortage in these resources can be caused by a variety of supply chain disruptions; examples include global disruptions like COVID-19 and financial crisis in 2008 and local disruptions like shortage of components/workforce. The dissertation analyses two important issues related to capacity management: (i) the effect of production resource disruption on the capacity …