Title :
Research on Quantitative Model of the Bullwhip Effect Based on AR(1) Demand
Author :
Xu, Zhangyi ; Wang, Fei ; Chen, Fei ; Bai, Yun
Author_Institution :
Sch. of Logistics Eng., Wuhan Univ. of Technol., Wuhan, China
Abstract :
This paper establishes a quantitative model of bullwhip effect under the max-min inventory management system with the market demand subjecting to the AR (1) demand process in a simple two-level supply system including a single supplier and a single retailer, resulting that the bullwhip effect will be extended with the increasing of lead time and service level. The result could provide some significant reference value for retailers to reduce the bullwhip effect.
Keywords :
inventory management; supply and demand; AR (1) demand process; Bullwhip effect; market demand; max-min inventory management system; quantitative model; Correlation; Educational institutions; Equations; Mathematical model; Safety; Supply chains;
Conference_Titel :
Management and Service Science (MASS), 2011 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-6579-8
DOI :
10.1109/ICMSS.2011.5998321
