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2013 (Vol. 6, Issue: 05)
Article Information:

The Study on the Value of Information Sharing with Correlated Market Demand and Cost of Information Sharing in Supply Chain

Bao-Feng Huang and Yu-Lin Zhang
Corresponding Author:  Bao-Feng Huang 

Key words:  AR (1), demand correlation, information shared, order-up-to S level, supply chain, ,
Vol. 6 , (05): 844-848
Submitted Accepted Published
September 28, 2012 November 26, 2012 June 25, 2013
Abstract:

In a two-echelon supply chain system with 1 manufacture and N retailers, the two-stage stochastic dynamic program of whether manufacture to share information with n (0≤n ≤ N) retailers is constructed when the market demand is correlated with AR (1) module and information sharing is costly. The value of information shared with n retailers is analyzed analytically. One numerical case is simulated to illustrate the magnitude of the value of information shared with n retailers in the supply chain at last.
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  Cite this Reference:
Bao-Feng Huang and Yu-Lin Zhang, 2013. The Study on the Value of Information Sharing with Correlated Market Demand and Cost of Information Sharing in Supply Chain.  Research Journal of Applied Sciences, Engineering and Technology, 6(05): 844-848.
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ISSN (Online):  2040-7467
ISSN (Print):   2040-7459
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