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The economics of the bullwhip effect

Disney, Stephen Michael, Chen, Frank, Gaalman, G., Lambrecht, Marc, Towill, Denis Royston, Van de Velde, W. and Warburton, R. D. H. 2006. The economics of the bullwhip effect. Presented at: INFORMS 2006 International, Hong Kong, China, 25-28 June 2006.

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Abstract

The bullwhip effect is a costly supply chain phenomenon. We assume bullwhip related costs consist of lost capacity and over-time costs. We develop an easy to use design method to tune replenishment decisions in the face both of inventory and bullwhip related costs. To illustrate our method we investigate the value of a lead-time reduction in terms of inventory and capacity costs. We also investigate the economic impact of a common control theory modification to the Order-Up-To policy

Item Type: Conference or Workshop Item (Paper)
Date Type: Completion
Status: Unpublished
Schools: Business (Including Economics)
Centre for Advanced Manufacturing Systems At Cardiff (CAMSAC)
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
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Last Modified: 04 Jun 2017 04:40
URI: http://orca.cf.ac.uk/id/eprint/42604

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