Title:

The bullwhip effect in supply chains with stochastic lead times

Group publication title:

Mathematical Economics

Creator:

Michna, Zbigniew ; Nielsen, Izabela Ewa ; Nielsen, Peter

Subject and Keywords:

supply chain ; Bullwhip Effect ; inventory policy ; stochastic lead time ; ead time demand forecasting

Description:

Mathematical Economics, 2013, Nr 9 (16), s. 71-88

Abstrakt:

In this article we consider a simple two stage supply chain. We quantify the variance amplification of orders – the bullwhip effect in a model with stochastic lead times. Employing the moving average forecasting method for lead time demands we obtain an exact value of the bullwhip effect measure. We analyze the formula using numerical examples.

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2013

Resource Type:

artykuł

Format:

application/pdf

Resource Identifier:

doi:10.15611/me.2013.9.06

Language:

eng

Relation:

Mathematical Economics, 2013, Nr 9 (16)

Rights:

Wszystkie prawa zastrzeżone (Copyright)

Access Rights:

Dla wszystkich w zakresie dozwolonego użytku

Location:

Uniwersytet Ekonomiczny we Wrocławiu