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DKUM
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Title:
Inventory cost consequences of variability demand process within a multi-echelon supply chain
Authors:
ID
Campuzano Bolarín, Francisco
(
Author
)
ID
Lisec, Andrej
(
Author
)
ID
Esteban, Francisco Cruz Lario
(
Author
)
Files:
http://www.jlst.org/uploads/clanek_paco_lisec_koncna.pdf
Language:
English
Work type:
Unknown
Typology:
1.01 - Original Scientific Article
Organization:
FL - Faculty of Logistic
Abstract:
The bullwhip effect (Lee et al, 1997a) is a known supply chain phenomenon where small variations in end item demand create oscillations that amplify throughout the chain. Different price elasticity of demand influence different changes of demand when prices of items are changing on the time horizon. The variance of the orders at the end user placed on suppliers or on manufacturer increases with the orders flow upstream in the logistics chain. This creates harmful consequences in inventory levels and all kind of inventory costs that may affect added value of activities along the logistics chain and finally affect Net Present Value of all activities in the chain. Traditional model of dynamic supply chain structures is used for this particular study, based on the seminal work of Forrester Diagrams (Forrester 1961). Simulation platform for supply chain management at stochastic demand developed by Campuzano (2006) has been used. VENSIM Simulation Software was previously used for developing these supply chain dynamic models. In the development platform generalised supply chain models are constructed graphically and also analytically. Our study here is to get a dipper insight into the processes in a logistics chain, measuring the inventory cost consequences due to variability demand amplification.
Keywords:
bullwhip effect
,
demand amplification
,
logistic chain
,
system dynamics
Year of publishing:
2008
PID:
20.500.12556/DKUM-30961
UDC:
656:070.33
ISSN on article:
1854-3332
COBISS.SI-ID:
512036669
NUK URN:
URN:SI:UM:DK:XKNXCE64
Publication date in DKUM:
05.06.2012
Views:
1704
Downloads:
45
Metadata:
Categories:
Misc.
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Record is a part of a journal
Title:
Logistics & Sustainable Transport
Publisher:
Fakulteta za logistiko Univerze v Mariboru, De Gruyter Open
ISSN:
1854-3332
COBISS.SI-ID:
222476800
Secondary language
Language:
English
Keywords:
učinek biča
,
naraščanje potreb
,
logistične verige
,
dinamika sistemov
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