Abstract
We consider a simple two-echelon supply chain composed of a manufacturer and a retailer in which the demand process of the retailer is an AR(1) where the random component is a function of both sides' information. We focus on partial information sharing under which each side informs the other of an interval in which the exact value of its own component of demand lies. These various levels of information sharing can reduce the supply chain costs.
Original language | English |
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Pages (from-to) | 234-237 |
Number of pages | 4 |
Journal | Operations Research Letters |
Volume | 42 |
Issue number | 3 |
DOIs | |
State | Published - May 2014 |
Keywords
- Autoregressive process
- Information sharing
- Stochastic demand
- Supply chain management