Measure of bullwhip effect in supply chain with price-sensitive and correlated demand

Tai, P, Truong Ton, H and Buddhakulsomsiri, J 2019, 'Measure of bullwhip effect in supply chain with price-sensitive and correlated demand', Computers and Industrial Engineering, vol. 127, pp. 408-419.


Document type: Journal Article
Collection: Journal Articles

Title Measure of bullwhip effect in supply chain with price-sensitive and correlated demand
Author(s) Tai, P
Truong Ton, H
Buddhakulsomsiri, J
Year 2019
Journal name Computers and Industrial Engineering
Volume number 127
Start page 408
End page 419
Total pages 12
Publisher Elsevier
Abstract In this paper, the bullwhip effect is analytically measured in a simple two-stage supply chain with one supplier, and one retailer who experiences a compound demand of a first-order autoregressive process and a stochastic retail price. Our study demonstrated that the bullwhip effect can be, under certain conditions, stronger or weaker than the case where the price is not considered. In addition, quantitative analysis is also performed to study the behavior of the bullwhip effect. It is found that the magnitude of both lead time and autocorrelation coefficient impacts on bullwhip effect has been affected by the appearance of price and its interactions with demand.
Subject Logistics and Supply Chain Management
Keyword(s) AR(1)
Base stock policy
Bullwhip effect
Price fluctuation
Supply chain
DOI - identifier 10.1016/j.cie.2018.10.027
Copyright notice © 2018 Published by Elsevier Ltd.
ISSN 0360-8352
Versions
Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 0 times in Thomson Reuters Web of Science Article
Scopus Citation Count Cited 0 times in Scopus Article
Altmetric details:
Access Statistics: 24 Abstract Views  -  Detailed Statistics
Created: Mon, 29 Apr 2019, 13:04:00 EST by Catalyst Administrator
© 2014 RMIT Research Repository • Powered by Fez SoftwareContact us