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We study a supply chain with one supplier and many retailers that face exogenous end-customer demands. The supplier and the retailers all try to minimize their own inventory-related costs. In contrast to the retailers' newsvendor-type ordering behavior (under which retailers may place orders...
Persistent link: https://www.econbiz.de/10009191784
Many organizations have only recently recognized that sharing information with other members in their supply chain can lead to signficant reduction in the total costs.Usually these information flows are incorporated into existing operating policies at the various parties.In this paper we argue...
Persistent link: https://www.econbiz.de/10009203657
We incorporate information flow between a supplier and a retailer in a two-echelon model that captures the capacitated setting of a typical supply chain. We consider three situations: (1) a traditional model where there is no information to the supplier prior to a demand to him except for past...
Persistent link: https://www.econbiz.de/10009214634