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Article: Early order completion contract approach to minimize the impact of demand uncertainty on supply chains
Title | Early order completion contract approach to minimize the impact of demand uncertainty on supply chains |
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Authors | |
Keywords | Agent-based system Aphilipp Demand uncertainty Distributed supply chains Early order completion contract Supply chain management |
Issue Date | 2006 |
Publisher | IEEE. |
Citation | Ieee Transactions On Industrial Informatics, 2006, v. 2 n. 1, p. 48-58 How to Cite? |
Abstract | Many optimization techniques have been proposed over the years to improve the performance of supply chains. Although these approaches have been shown to be effective, most of them were developed without considering uncertainties in supply chains to simplify the analysis. In fact, uncertainties can deteriorate the performance of supply chains, such as increase in total cost, or drop in fill rate, of the whole system. In distributed supply chains, participating members are not under a sole control by a central authority, the problem is even more stringent due to incomplete information sharing, or so called asymmetrical information sharing. One way to improve the system performance is to achieve coordination among participating parties through establishment of contracts. The objectives of this paper are i) to evaluate the effects of demand uncertainty in a distributed supply chain, which is modelled as an agent-based system; ii) to propose a coordination mechanism with early order completion contract to minimize the negative impacts of demand uncertainty; and iii) to present associated simulation results. Performance of the system is measured in terms of costs and fill rate. Simulation results indicate that the proposed contract approach is able to improve the performance measures of the system. © 2006, IEE. |
Persistent Identifier | http://hdl.handle.net/10722/57401 |
ISSN | 2023 Impact Factor: 11.7 2023 SCImago Journal Rankings: 4.420 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Chan, HK | en_HK |
dc.contributor.author | Chan, FTS | en_HK |
dc.date.accessioned | 2010-04-12T01:35:30Z | - |
dc.date.available | 2010-04-12T01:35:30Z | - |
dc.date.issued | 2006 | en_HK |
dc.identifier.citation | Ieee Transactions On Industrial Informatics, 2006, v. 2 n. 1, p. 48-58 | en_HK |
dc.identifier.issn | 1551-3203 | en_HK |
dc.identifier.uri | http://hdl.handle.net/10722/57401 | - |
dc.description.abstract | Many optimization techniques have been proposed over the years to improve the performance of supply chains. Although these approaches have been shown to be effective, most of them were developed without considering uncertainties in supply chains to simplify the analysis. In fact, uncertainties can deteriorate the performance of supply chains, such as increase in total cost, or drop in fill rate, of the whole system. In distributed supply chains, participating members are not under a sole control by a central authority, the problem is even more stringent due to incomplete information sharing, or so called asymmetrical information sharing. One way to improve the system performance is to achieve coordination among participating parties through establishment of contracts. The objectives of this paper are i) to evaluate the effects of demand uncertainty in a distributed supply chain, which is modelled as an agent-based system; ii) to propose a coordination mechanism with early order completion contract to minimize the negative impacts of demand uncertainty; and iii) to present associated simulation results. Performance of the system is measured in terms of costs and fill rate. Simulation results indicate that the proposed contract approach is able to improve the performance measures of the system. © 2006, IEE. | en_HK |
dc.language | eng | en_HK |
dc.publisher | IEEE. | en_HK |
dc.relation.ispartof | IEEE Transactions on Industrial Informatics | en_HK |
dc.rights | ©2006 IEEE. Personal use of this material is permitted. However, permission to reprint/republish this material for advertising or promotional purposes or for creating new collective works for resale or redistribution to servers or lists, or to reuse any copyrighted component of this work in other works must be obtained from the IEEE. | - |
dc.subject | Agent-based system | en_HK |
dc.subject | Aphilipp | en_HK |
dc.subject | Demand uncertainty | en_HK |
dc.subject | Distributed supply chains | en_HK |
dc.subject | Early order completion contract | en_HK |
dc.subject | Supply chain management | en_HK |
dc.title | Early order completion contract approach to minimize the impact of demand uncertainty on supply chains | en_HK |
dc.type | Article | en_HK |
dc.identifier.openurl | http://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1551-3203&volume=2&issue=1&spage=48&epage=58&date=2006&atitle=Early+order+completion+contract+approach+to+minimize+the+impact+of+demand+uncertainty+on+supply+chains | en_HK |
dc.identifier.email | Chan, FTS: ftschan@hkucc.hku.hk | en_HK |
dc.identifier.authority | Chan, FTS=rp00090 | en_HK |
dc.description.nature | published_or_final_version | en_HK |
dc.identifier.doi | 10.1109/TII.2005.864217 | en_HK |
dc.identifier.scopus | eid_2-s2.0-33645662943 | en_HK |
dc.identifier.hkuros | 136069 | - |
dc.identifier.volume | 2 | en_HK |
dc.identifier.issue | 1 | en_HK |
dc.identifier.spage | 48 | en_HK |
dc.identifier.epage | 58 | en_HK |
dc.identifier.isi | WOS:000242807600005 | - |
dc.publisher.place | United States | en_HK |
dc.identifier.scopusauthorid | Chan, HK=13104905800 | en_HK |
dc.identifier.scopusauthorid | Chan, FTS=7202586517 | en_HK |
dc.identifier.issnl | 1551-3203 | - |