On Replenishment Rules, Forecasting and the Bullwhip Effect in Supply Chains

✍ Scribed by Stephen M Disney, Marc R Lambrecht

• Publisher: Now Publishers Inc
• Year: 2008
• Tongue: English
• Leaves: 94
• Category: Library

✦ Synopsis

On Replenishment Rules, Forecasting and the Bullwhip Effect in Supply Chains focuses on supply chain co-ordination. The bullwhip effect is used as the key example of supply chain inefficiency. The authors focus both on the managerial relevance of the bullwhip effect and the methodological issues making it essential reading for both managers and researchers.

✦ Table of Contents

1601981325......Page 1
Contents......Page 10
Modern Supply Chains......Page 12
Empirical Evidence of Bullwhip......Page 14
Causes of the Bullwhip Effect......Page 19
The Link Between the Bullwhip Effect and Supply Chain Costs......Page 21
Methodological Approaches to Studyingthe Bullwhip Problem......Page 28
Continuous Time Methods......Page 29
Discrete Time Methods......Page 31
Other Approaches......Page 33
A Smoothing Replenishment Rule for a Stationary i.i.d.......Page 36
Analysis of the Smoothing Rule Under Stationary Demand......Page 40
A Smoothing Replenishment Rule Under ARMA(1,1) Demand......Page 46
The Generalized Out Policy Under ARMA Demand......Page 49
Minimum Mean Squared Error Forecasting......Page 55
Transferring the Inventory Decisions to the Upstream Levels......Page 58
Coordination of Replenishment Rules in a Multi-Echelon Setting......Page 62
The Retailer's Order and Inventory Variance......Page 63
The Manufacturer's Order and Inventory Variance......Page 64
The Sequential Optimization Scenario: The Self-Serving Focus......Page 66
The Global Optimization Problem: Supply Chain Coordination......Page 69
Linking the Variance Ratios to Costs in the Supply Chain......Page 73
Practical Considerations......Page 77
Summary......Page 79
The Square Root Law for Bullwhip......Page 82
Multi-Product Scenarios......Page 83
Multi-Echelon Supply Chain Scenarios......Page 84
Concluding Remarks......Page 86
References......Page 88