File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: Analysis of bullwhip effect in supply chains with heterogeneous decision models

TitleAnalysis of bullwhip effect in supply chains with heterogeneous decision models
Authors
KeywordsBullwhip effect
Multi-criteria
Supply chains
Issue Date2009
PublisherAmerican Institute of Mathematical Sciences. The Journal's web site is located at http://aimsciences.org/journals/jimo/description.htm
Citation
Journal Of Industrial And Management Optimization, 2009, v. 5 n. 1, p. 81-94 How to Cite?
AbstractIn modeling a supply chain, it is often assumed that agents of different echelons adopt similar inventory policies. As a result, bullwhip effect exists across different echelons up the supply chain when the product demand at the retailer level increases and decreases. However, a retailer and a manufacturer are two very different entities in a supply chain, which should employ different decision processes in managing their operations. In view of this, we study the application of heterogeneous decision models for retailers and manufacturers to analyze the bullwhip effect in a supply chain. In particular, we formulate a simple supply chain consisting of many retailers, a manufacturer and a warehouse. The inventory policy of the retailers is simply to use the inventory position to absorb variations in the demand. For the manufacturer, the demand can be met by keeping a higher inventory level or by varying the production rate more frequently. A multi-criteria objective function is formulated and analytic solutions are derived. We illustrate how the bullwhip effect varies for different selections of scaling parameters. By using optimal control theory, we show that the bullwhip effect can be suppressed if a smooth production requirement is enforced.
Persistent Identifierhttp://hdl.handle.net/10722/58865
ISSN
2015 Impact Factor: 0.776
2015 SCImago Journal Rankings: 0.639
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorYiu, KFCen_HK
dc.contributor.authorXie, LLen_HK
dc.contributor.authorMak, KLen_HK
dc.date.accessioned2010-05-31T03:38:24Z-
dc.date.available2010-05-31T03:38:24Z-
dc.date.issued2009en_HK
dc.identifier.citationJournal Of Industrial And Management Optimization, 2009, v. 5 n. 1, p. 81-94en_HK
dc.identifier.issn1547-5816en_HK
dc.identifier.urihttp://hdl.handle.net/10722/58865-
dc.description.abstractIn modeling a supply chain, it is often assumed that agents of different echelons adopt similar inventory policies. As a result, bullwhip effect exists across different echelons up the supply chain when the product demand at the retailer level increases and decreases. However, a retailer and a manufacturer are two very different entities in a supply chain, which should employ different decision processes in managing their operations. In view of this, we study the application of heterogeneous decision models for retailers and manufacturers to analyze the bullwhip effect in a supply chain. In particular, we formulate a simple supply chain consisting of many retailers, a manufacturer and a warehouse. The inventory policy of the retailers is simply to use the inventory position to absorb variations in the demand. For the manufacturer, the demand can be met by keeping a higher inventory level or by varying the production rate more frequently. A multi-criteria objective function is formulated and analytic solutions are derived. We illustrate how the bullwhip effect varies for different selections of scaling parameters. By using optimal control theory, we show that the bullwhip effect can be suppressed if a smooth production requirement is enforced.en_HK
dc.languageengen_HK
dc.publisherAmerican Institute of Mathematical Sciences. The Journal's web site is located at http://aimsciences.org/journals/jimo/description.htmen_HK
dc.relation.ispartofJournal of Industrial and Management Optimizationen_HK
dc.subjectBullwhip effecten_HK
dc.subjectMulti-criteriaen_HK
dc.subjectSupply chainsen_HK
dc.titleAnalysis of bullwhip effect in supply chains with heterogeneous decision modelsen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1547-5816&volume=5&issue=1&spage=&epage=&date=2009&atitle=Analysis+Of+Bullwhip+Effect+In+Supply+Chains+With+Heterogeneous+Decision+Modelsen_HK
dc.identifier.emailYiu, KFC:cedric@hkucc.hku.hken_HK
dc.identifier.emailMak, KL:makkl@hkucc.hku.hken_HK
dc.identifier.authorityYiu, KFC=rp00206en_HK
dc.identifier.authorityMak, KL=rp00154en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.3934/jimo.2009.5.81en_HK
dc.identifier.scopuseid_2-s2.0-64849117184en_HK
dc.identifier.hkuros153742en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-64849117184&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume5en_HK
dc.identifier.issue1en_HK
dc.identifier.spage81en_HK
dc.identifier.epage94en_HK
dc.identifier.eissn1553-166X-
dc.identifier.isiWOS:000263354500007-
dc.publisher.placeUnited Statesen_HK
dc.identifier.scopusauthoridYiu, KFC=24802813000en_HK
dc.identifier.scopusauthoridXie, LL=8649291500en_HK
dc.identifier.scopusauthoridMak, KL=7102680226en_HK

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats