Other Articles by Author(s)

Junhai Ma
Binshuo Bao

Author(s) and WSEAS

Junhai Ma
Binshuo Bao

WSEAS Transactions on Systems

Print ISSN: 1109-2777
E-ISSN: 2224-2678

Volume 17, 2018

Notice: As of 2014 and for the forthcoming years, the publication frequency/periodicity of WSEAS Journals is adapted to the 'continuously updated' model. What this means is that instead of being separated into issues, new papers will be added on a continuous basis, allowing a more regular flow and shorter publication times. The papers will appear in reverse order, therefore the most recent one will be on top.

Volume 17, 2018

Research on Bullwhip Effect in Supply Chains with Two Retailers Considering Probability based on the Impact of Price

AUTHORS: Junhai Ma, Binshuo Bao

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ABSTRACT: The bullwhip effect is one of the main problems in supply chain management. The downstream retail price fluctuation is one of the major factors to cause the bullwhip effect. This paper investigates the impact of retail prices variability with a view to probability on the bullwhip effect in a two-echelon supply chain which is composed of one supplier and two retailers. With various probabilities to choose the price, we may simply quantify the relationship between the two prices. The order-up-to inventory policy and the moving average forecasting method are employed respectively by the two retailers. The effects of the price, the probability, the lead time, and the autoregressive coefficient on a bullwhip effect measure are shown finally. And we indentify on which condition the bullwhip effect is lessened based on the price sensitive demands

KEYWORDS: Complex Supply chain, Bullwhip effect, Covariance, Price Game, MA Forecasting Method


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WSEAS Transactions on Systems, ISSN / E-ISSN: 1109-2777 / 2224-2678, Volume 17, 2018, Art. #11, pp. 99-111

Copyright © 2018 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution License 4.0

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