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Article: Early order completion contract approach to minimize the impact of demand uncertainty on supply chains

TitleEarly order completion contract approach to minimize the impact of demand uncertainty on supply chains
Authors
KeywordsAgent-based system
Aphilipp
Demand uncertainty
Distributed supply chains
Early order completion contract
Supply chain management
Issue Date2006
PublisherIEEE.
Citation
Ieee Transactions On Industrial Informatics, 2006, v. 2 n. 1, p. 48-58 How to Cite?
AbstractMany 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 Identifierhttp://hdl.handle.net/10722/57401
ISSN
2015 Impact Factor: 4.708
2015 SCImago Journal Rankings: 2.973
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorChan, HKen_HK
dc.contributor.authorChan, FTSen_HK
dc.date.accessioned2010-04-12T01:35:30Z-
dc.date.available2010-04-12T01:35:30Z-
dc.date.issued2006en_HK
dc.identifier.citationIeee Transactions On Industrial Informatics, 2006, v. 2 n. 1, p. 48-58en_HK
dc.identifier.issn1551-3203en_HK
dc.identifier.urihttp://hdl.handle.net/10722/57401-
dc.description.abstractMany 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.languageengen_HK
dc.publisherIEEE.en_HK
dc.relation.ispartofIEEE Transactions on Industrial Informaticsen_HK
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
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.en_HK
dc.subjectAgent-based systemen_HK
dc.subjectAphilippen_HK
dc.subjectDemand uncertaintyen_HK
dc.subjectDistributed supply chainsen_HK
dc.subjectEarly order completion contracten_HK
dc.subjectSupply chain managementen_HK
dc.titleEarly order completion contract approach to minimize the impact of demand uncertainty on supply chainsen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://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+chainsen_HK
dc.identifier.emailChan, FTS: ftschan@hkucc.hku.hken_HK
dc.identifier.authorityChan, FTS=rp00090en_HK
dc.description.naturepublished_or_final_versionen_HK
dc.identifier.doi10.1109/TII.2005.864217en_HK
dc.identifier.scopuseid_2-s2.0-33645662943en_HK
dc.identifier.hkuros136069-
dc.identifier.volume2en_HK
dc.identifier.issue1en_HK
dc.identifier.spage48en_HK
dc.identifier.epage58en_HK
dc.identifier.isiWOS:000242807600005-
dc.publisher.placeUnited Statesen_HK
dc.identifier.scopusauthoridChan, HK=13104905800en_HK
dc.identifier.scopusauthoridChan, FTS=7202586517en_HK

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