Mitigating the bullwhip effect in supply chains using variance reduction techniques
| Autor: | Akram A. El-Tannir |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
0209 industrial biotechnology
021103 operations research Operations research Computer science Information sharing Supply chain 0211 other engineering and technologies ComputerApplications_COMPUTERSINOTHERSYSTEMS 02 engineering and technology Variance (accounting) Control variates 020901 industrial engineering & automation Service level Bullwhip effect Vendor-managed inventory Variance reduction |
| Zdroj: | 2017 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM). |
| DOI: | 10.1109/ieem.2017.8289922 |
| Popis: | This paper proposes a new strategy that can be unilaterally applied by the supplier in order to mitigate the bullwhip effect in its supply chain, especially where information sharing, vendor managed inventory (VMI), and other collaboration methods fail. This strategy is similar to the use of control variates in simulation analysis. It is shown in this paper that this control method can reduce the variance of individual retailer orders, and thus diminishes the aggregated impact of the bullwhip effect on the supplier. Surprisingly, this strategy also happens to enhance the service level to the retailer as well. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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