Applications of Pandemics Impact on Supply Chain Decisions

Abstract

We analyze the impact of pandemics disruptions on the decision related to supply chain management. Two models are developed and a closed-form solution is obtained for the optimal order size. In our first model, we consider the classical EOQ (Economic Order Quantity) model with Bernoulli supply having a disruption probability related to the pandemic situation. In our second model, we consider the classical EOQ (Economic Order Quantity) model with Binomial supply under pandemic situation. At last, we suggest ideas for future research.