The impact of partial information sharing in a two-echelon supply chain

The impact of partial information sharing in a two-echelon supply chain

We consider a simple two-echelon supply chain composed of a manufacturer and a retailer in which the demand process of the retailer is an AR(1) where the random component is a function of both sides’ information. We focus on partial information sharing under which each side informs the other of an i...

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Veröffentlicht in:Operations research letters 2014-05, Vol.42 (3), p.234-237
Hauptverfasser: Shnaiderman, Matan, Ouardighi, Fouad El
Format: Artikel
Sprache:eng
Schlagworte:
Autoregressive process
Costs
Demand
Information sharing
Intervals
Operations research
Stochastic demand
Supply chain management
Supply chains
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Beschreibung
Zusammenfassung:We consider a simple two-echelon supply chain composed of a manufacturer and a retailer in which the demand process of the retailer is an AR(1) where the random component is a function of both sides’ information. We focus on partial information sharing under which each side informs the other of an interval in which the exact value of its own component of demand lies. These various levels of information sharing can reduce the supply chain costs.
ISSN:0167-6377
1872-7468
DOI:10.1016/j.orl.2014.03.006