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Value of Information Sharing and Lead Time Reduction in a Supply Chain with Autocorrelated Demand

✍ Scribed by Siddharth Mahajan; Venu Venugopal


Book ID
113111729
Publisher
Springer-Verlag
Year
2011
Weight
299 KB
Volume
2
Category
Article
ISSN
0974-8091

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This paper considers a single product, two-echelon capacity constrained supply chain consisting of a supplier and two retailers facing correlated end-item demand. We use a decentralized Markov decision process with restricted observations to represent this system and conduct a numerical study to qua