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About The Value of Lead Time Reduction and Stabilization: A Comparison Between Traditional and Collaborative Supply Chain
This report summarizes a study that compares the impact of reducing lead times in traditional versus collaborative supply chains. The study uses agent-based modeling and Taguchi methods to simulate a four-echelon supply chain under different lead time scenarios. The results show that reducing both the mean and variability of production and shipping lead times improves the supply chain's net profit and customer satisfaction. Additionally, collaborative supply chains are found to be both more profitable and more robust to lead time variations than traditional supply chains. Some limitations of the study include its use of linear cost functions and the possibility that the agent-based model may not simulate all real-world scenarios.
Detailed Information
| Author: | ['Dipon Ghosh'] |
|---|---|
| Publication Year: | 2022 |
| Pages: | 5 |
| Language: | English |
| Format: | |
| Price: | FREE |
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