the value of sharing advance capacity information under “zero-full” supply capacity availability

Clicks: 29
ID: 192243
2010
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Abstract
<p><em>The importance of sharing information within modern supply chains has been established by both practitioners and researchers. Accurate and timely information helps firms effectively reduce the uncertainties of a volatile and uncertain business environment. We model periodic review, single-item, stochastic demand and stochastic supply where, in a given period, supply is either available or completely unavailable. In addition, a supply chain member has the ability to obtain advance capacity information (&lsquo;ACI&rsquo;) about the future supply capacity availability. We show that the optimal ordering policy is a base stock policy with the optimal base stock level being a function of future capacity availability or unavailability given through ACI. In a numerical experiment we quantify the value of ACI and provide relevant managerial insights.</em></p>
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rusjan2010economicthe Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Borut Rusjan, Marko Jakšič
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Journal İletişim kuram ve araştırma dergisi
Year 2010
DOI
DOI not found
URL
http://www.ebrjournal.net/ojs/index.php/ebr/article/view/22
Keywords
business

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