Information Increment and Information Value in Supply Chains
Information plays the most important role in supply chain management. In this paper, concepts of information increment(△I) and value of information (VOI) are introduced; then, the relationship between them is analyzed. Information increment is defined as the status cognition change compared with the real status. An opinion is then presented that △I and VOI are strongly and positively correlated. For supply chain applications, a general analysis framework with a common ordering policy, APIOBPCS, is established to reveal the functioning mechanism of information. Capacity constraints are introduced into the analysis for improving the practicability of the ordering policy models. The proposed opinion is proved through simulation experiments.
Information management Supply chain management Information increment Value of information
Wang Jing Wang Xun Li Yuxiang
School of Ec onomics & Management, Beihang University, Beijing 100083, China
国际会议
第六届管理学国际会议(Proceedings of ICM2007 the 6th International on Management)
武汉
英文
232-238
2007-08-03(万方平台首次上网日期,不代表论文的发表时间)