Nagatani, Takashi; Helbing, Dirk - In: Physica A: Statistical Mechanics and its Applications 335 (2004) 3, pp. 644-660
Due to delays in the adaptation of production or delivery rates, supply chains can be dynamically unstable with respect to perturbations in the consumption rate, which is known as “bull-whip effect”. Here, we study several conceivable production strategies to stabilize supply chains, which...