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Abstract
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Article Information:
The Study on the Value of Information Sharing with Correlated Market Demand and Cost of Information Sharing in Supply Chain
Bao-Feng Huang and Yu-Lin Zhang
Corresponding Author: Bao-Feng Huang
Submitted: September 28, 2012
Accepted: November 26, 2012
Published: June 25, 2013 |
Abstract:
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In a two-echelon supply chain system with 1 manufacture and N retailers, the two-stage stochastic dynamic program of whether manufacture to share information with n (0≤n ≤ N) retailers is constructed when the market demand is correlated with AR (1) module and information sharing is costly. The value of information shared with n retailers is analyzed analytically. One numerical case is simulated to illustrate the magnitude of the value of information shared with n retailers in the supply chain at last.
Key words: AR (1), demand correlation, information shared, order-up-to S level, supply chain, ,
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Abstract
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Cite this Reference:
Bao-Feng Huang and Yu-Lin Zhang, . The Study on the Value of Information Sharing with Correlated Market Demand and Cost of Information Sharing in Supply Chain. Research Journal of Applied Sciences, Engineering and Technology, (05): 844-848.
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ISSN (Online): 2040-7467
ISSN (Print): 2040-7459 |
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| Information |
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| Sales & Services |
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