Counteracting the bullwhip effect with decentralized negotiations and advance demand information
نویسندگان
چکیده
منابع مشابه
Delayed demand information and dampened bullwhip effect
This paper considers an inventory setting in which the historical data used for demand forecasting is delayed. When the replenishment is controlled via an order-up-to policy, we show that such delays reduce the variability of the order history and dampen the bullwhip effect. We discuss the intuition behind this result. (Key Terms: Information delay; Forecasting; Supply Chain Management; Bullwhi...
متن کاملAdvance Demand Information
To control a production-inventory system, a manager has to consider the variability in demand as well as variability in her production process. Both types of variability corrupt system performance and by alleviating either of them, the manager can improve the performance of the system. There has been a recent trend towards investing in better information systems to provide better advance demand...
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There is a growing consensus that a portfolio of customers with different demand lead times can lead to higher, more regular revenues and better capacity utilization. Customers with positive demand lead times place orders in advance of their needs, resulting in advance demand information. This gives rise to the problem of finding effective inventory control policies under advance demand informa...
متن کاملOn the Bullwhip Effect Measure in Supply Chains with VAR (1) Demand Process
In this paper, a two-echelon supply chain, which includes two products based on the following considerations, has been studied and the bullwhip effect is quantified. Providing a measure for bullwhip effect that enables us to analyze and reduce this phenomenon in supply chains with two products is the basic purpose of this paper. Demand of products is presented by the first order vector autoregr...
متن کاملOptimization of two-stage production/inventory systems under order base stock policy with advance demand information
It is important to share demand information among the members in supply chains. In recent years, production and inventory systems with advance demand information (ADI) have been discussed, where advance demand information means the information of demand which the decision maker obtains before the corresponding actual demand arrives. Appropriate production and inventory control using demand info...
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ژورنال
عنوان ژورنال: Physica A: Statistical Mechanics and its Applications
سال: 2006
ISSN: 0378-4371
DOI: 10.1016/j.physa.2006.01.044