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Inherent Complexity Research on the Bullwhip Effect in Supply Chains with Two Retailers: The Impact of Three Forecasting Methods Considering Market Share
Joint Authors
Ma, Junhai
Bao, Binshuo
Ma, Xiaogang
Source
Issue
Vol. 2014, Issue 2014 (31 Dec. 2014), pp.1-13, 13 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2014-08-04
Country of Publication
Egypt
No. of Pages
13
Main Subjects
Abstract EN
An important phenomenon in supply chain management which is known as the bullwhip effect suggests that demand variability increases as one moves up a supply chain.
This paper contrasts the bullwhip effect for a two-stage supply chain consisting of one supplier and two retailers under three forecasting methods based on the market share.
We can quantify the correlation coefficient between the two retailers clearly, in consideration of market share.
The two retailers both employ the order-up-to inventory policy for replenishments.
The bullwhip effect is measured, respectively, under the minimum mean squared error (MMSE), moving average (MA), and exponential smoothing (ES) forecasting methods.
The effect of autoregressive coefficient, lead time, and the market share on a bullwhip effect measure is investigated by using algebraic analysis and numerical simulation.
And the comparison of the bullwhip effect under three forecasting methods is conducted.
The conclusion suggests that different forecasting methods and various parameters lead to different bullwhip effects.
Hence, the corresponding forecasting method should be chosen by the managers under different parameters in practice.
American Psychological Association (APA)
Ma, Junhai& Bao, Binshuo& Ma, Xiaogang. 2014. Inherent Complexity Research on the Bullwhip Effect in Supply Chains with Two Retailers: The Impact of Three Forecasting Methods Considering Market Share. Abstract and Applied Analysis،Vol. 2014, no. 2014, pp.1-13.
https://search.emarefa.net/detail/BIM-1033673
Modern Language Association (MLA)
Ma, Junhai…[et al.]. Inherent Complexity Research on the Bullwhip Effect in Supply Chains with Two Retailers: The Impact of Three Forecasting Methods Considering Market Share. Abstract and Applied Analysis No. 2014 (2014), pp.1-13.
https://search.emarefa.net/detail/BIM-1033673
American Medical Association (AMA)
Ma, Junhai& Bao, Binshuo& Ma, Xiaogang. Inherent Complexity Research on the Bullwhip Effect in Supply Chains with Two Retailers: The Impact of Three Forecasting Methods Considering Market Share. Abstract and Applied Analysis. 2014. Vol. 2014, no. 2014, pp.1-13.
https://search.emarefa.net/detail/BIM-1033673
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1033673