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Information Sharing in a Multi-Echelon Inventory System
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The influence of different information sharing scenarios in a single supplier-single retailer supply chain is analyzed. The five information sharing scenarios are centralized information sharing, full information sharing, supplier-dominated information sharing, retailer-dominated information sharing, and noninformation sharing. Iterative procedures are developed to obtain the inventory policies and the system costs at equilibrium points. Numerical examples show that the cost of a centralized inventory system is about 20% - 40% lower than that of a decentralized system with non-information sharing. Furthermore, a higher information sharing level does not always lead to a lower system cost in a decentralized supply chain due to inventory competition.
information sharinginventory ordering policyMarkov decision process
ZHAO Xiaobo、QIU Minmin
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Department of Industrial Engineering, Tsinghua University, Beijing 100084, China
NETL
NSTL
万方数据
维普
