Research Article | OPEN ACCESS
The Study on the Value of Information Sharing with Correlated Market Demand and Cost of Information Sharing in Supply Chain
1Bao-Feng Huang and 2Yu-Lin Zhang
1Nanjing College for Population Program Management, Nanjing 210042, China
2School of Economics and Management, Southeast University, Nanjing 210096, China
Research Journal of Applied Sciences, Engineering and Technology 2013 5:844-848
Received: September 28, 2012 | Accepted: November 26, 2012 | Published: June 25, 2013
Abstract
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.
Keywords:
AR (1), demand correlation, information shared, order-up-to S level, supply chain,
Competing interests
The authors have no competing interests.
Open Access Policy
This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
Copyright
The authors have no competing interests.
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ISSN (Online): 2040-7467
ISSN (Print): 2040-7459 |
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