The impact of correlation in demand on lead times and safety stocks

摘要：

This paper analyses a two-echelon supply chain. The retailer satisfies a first-order autoregressive customer demand and replenishes according to an adaptive order-up-to inventory policy. Due to the correlation in demand, the bullwhip effect may arise, which implies that the replenishment orders have a greater variability than the observed consumer demand. In this paper we focus on its impact on the manufacturers production. Much of the management science literature separates the questions of production and inventory control. However, inventory influences production by initiating orders, and production influences inventory by completing and delivering orders to inventory. Modeling a two-echelon supply chain (retailer-manufacturer) as a production/inventory system complies with this research question and explicitly analyses the interaction between the retailers inventory and the manufacturers production management.

作者: Robert N. Boute Stephen M. Disney Marc R. Lambrecht Benny Van Houdt

会议类型: 国际会议

会议名称: 2007 International Conference on Manufacturing & Service Operations Management(2007制造与服务运作管理国际学术会议)

会议地点: 北京

会议语种:英文

在线出版日期: 2007-06-18（万方平台首次上网日期，不代表论文的发表时间）