International Journal of Supply Chain Management
Vol 3, No 3 (2014): International Journal of Supply Chain Management (IJSCM)

Bullwhip Effect Variance Ratio Approximations for Aggregated Retail Orders in Supply Chains

Akram Amine El-Tannir (Beirut Arab University Faculty of Engineering Department of Industrial and Management Engineering Debbieh, Lebanon)

Article Info

Publish Date
29 Sep 2014

Abstract

This paper develops two approximations to estimate the variance of aggregated retailer orders that is a form of the widely recognized Bullwhip effect, using the renewal theory and available Markov chain models for the two-echelon supply chain. These approximations are used to develop several managerial insights on inventory policies used by retailers who make replenishment orders to a supplier that uses a periodic review inventory policy where market demand is assumed to be based on Poisson market orders.

Copyrights © 2014




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Journal Info
International Journal of Supply Chain Management
Website

Abbrev

IJSCM

Publisher

ExcelingTech

Subject

Decision Sciences, Operations Research & Management Engineering Environmental Science Industrial & Manufacturing Engineering Transportation

Description

International Journal of Supply Chain Management (IJSCM) is a peer-reviewed indexed journal, ISSN: 2050-7399 (Online), 2051-3771 (Print), that publishes original, high quality, supply chain management empirical research that will have a significant impact on SCM theory and practice. Manuscripts ...