Management Science and Financial Engineering

The Korean Operations Research and Management Science Society (한국경영과학회)
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Numerical Studies on the Cost Impact of Incorrect Assumption and Information Delay in a Supply Chain

  • Kim, Heung-Kyu (School of Business Administration, Dankook University)
  • Received : 2009.05.29
  • Accepted : 2010.07.27
  • Published : 2010.11.30
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Abstract

In this paper, the impact of various system parameters such as the parameters of actual demand process, the review periods and the lead times, under each combination of inventory policies and information sharing, on the long run average inventory cost per period incurred at each participant in a supply chain, is considered. For this purpose, numerical studies are conducted, from which some valuable information as to how sensitive our long run average inventory cost per period are as the model parameters change is gleaned, from which, in turn, some managerial insights are gleaned in order for industry practitioners to perform better in supply chain management.

Keywords

References

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