Date: May 2013
Creator: Ponnaiyan, Subramaniam
Description: To prevent loss of lives during seasonal disasters, relief agencies distribute critical supplies and provide lifesaving services to the affected populations. Despite agencies' efforts, frequently occuring disasters increase the cost of relief operations. The purpose of our study is to minimize the cost of relief operations, considering that such disasters cause random demand. To achieve this, we have formulated a series of models, which are distinct from the current studies in three ways. First, to the best of our knowledge, we are the first ones to capture both perishable and durable products together. Second, we have aggregated multiple products in a different way than current studies do. This unique aggregation requires less data than that of other types of aggregation. Finally, our models are compatible with the practical data generated by FEMA. Our models offer insights on the impacts of various parameters on optimum cost and order size. The analyses of correlation of demand and quality of information offer interesting insights; for instance, under certain cases, the quality of information does not influence cost. Our study has considered both risk averse and risk neutral approaches and provided insights. The insights obtained from our models are expected to help agencies reduce ...
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