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a hybrid agent/discrete-event simulation model of a supply chain and execute it under various conditions of demand …
Persistent link: https://www.econbiz.de/10010755007
This research focuses on how two common modeling assumptions in the Bullwhip Effect (BWE) literature (i.e., assuming the return of the excess of goods and assuming a serial network) may distort the results obtained. We perform a robust design of experiments where the return condition (return vs....
Persistent link: https://www.econbiz.de/10011190243
An important observation in supply chain management, known as the bullwhip effect, suggests that demand variability increases as one moves up a supply chain. In this paper we quantify this effect for simple, two-stage supply chains consisting of a single retailer and a single manufacturer. Our...
Persistent link: https://www.econbiz.de/10009214194
This paper presents a multistage supply chain model that is based on Autoregressive Integrated Moving Average (ARIMA) time-series models. Given an ARIMA model of consumer demand and the lead times at each stage, it is shown that the orders and inventories at each stage are also ARIMA, and...
Persistent link: https://www.econbiz.de/10009214374
Many theoretical models adopt a normative approach and assume that decision makers are perfect optimizers. In contrast, this paper takes a descriptive approach and considers bounded rationality, in the sense that decision makers are prone to errors and biases. Our decision model builds on the...
Persistent link: https://www.econbiz.de/10009218743
In a supply chain the variability of the orders received by the supplier can be greater than the demand variability. This phenomenon is named bullwhip effect. Some researchers are quantified the bullwhip by measuring the differences between observed variances in the different stages of the...
Persistent link: https://www.econbiz.de/10010835330
-flow bullwhip (CFB). Specifically, this paper focuses on studying CFB by developing mathematical and simulation models to analyze … approximately differ 14% from detailed simulation models. We find that increasing variability increases inventory and cash …
Persistent link: https://www.econbiz.de/10010681848
Forecasts of demand are crucial to drive supply chains and enterprise resource planning systems. Usually, well-known univariate methods that work automatically such as exponential smoothing are employed to accomplish such forecasts. The traditional Supply Chain relies on a decentralized system...
Persistent link: https://www.econbiz.de/10010573958
In an upstream supply chain dedicated to the mass production of customized products, many sources create production instability: the level and structure of production in the final assembly line, variability of lead times, quality issues, packaging and loading constraints on transportation,...
Persistent link: https://www.econbiz.de/10010706874
In an upstream supply chain dedicated to the mass production of customized products, many sources create production instability: the level and structure of production in the final assembly line, variability of lead times, quality issues, packaging and loading constraints on transportation,...
Persistent link: https://www.econbiz.de/10010821238