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About Value of Information in A Serial Supply Chain Under A Nonstationary Demand Process WP 341
This document discusses a study examining the value of information sharing in a two-level supply chain where a manufacturer supplies a retailer. The retailer faces a nonstationary ARIMA(0,1,1) demand process. The study develops models to derive optimal order quantities with and without information sharing, and conducts a numerical analysis to evaluate the value of information sharing. It finds that information sharing reduces the manufacturer's demand variance and costs, though the cost savings decrease as demand becomes less stable and increase as demand uncertainty increases.
Detailed Information
| Author: | ['Nikhil Khobragade'] |
|---|---|
| Publication Year: | 2012 |
| Pages: | 18 |
| Language: | English |
| Format: | |
| Price: | FREE |
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