Mitigating variance amplification under stochastic lead-time: the proportional control approach

DOI10.1016/j.ejor.2016.06.010zbMath1394.90055OpenAlexW2412267252MaRDI QIDQ1752181

Stephen M. Disney, Xun Wang

Publication date: 24 May 2018

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: http://orca.cf.ac.uk/91540/1/Mitigating%20variance%20amplification%20under%20stochastic%20leadtime%20Pre-print.pdf

zbMATH Keywords

inventorybullwhip effectstochastic lead-timedemand correlation

Mathematics Subject Classification ID

Transportation, logistics and supply chain management (90B06) Production models (90B30) Inventory, storage, reservoirs (90B05) Consumer behavior, demand theory (91B42)

Related Items (7)

A change point control chart for monitoring the production lead time based on sum of squared ranks ⋮ On the stationary stochastic response of an order-constrained inventory system ⋮ Fuzzy control model and simulation for nonlinear supply chain system with lead times ⋮ Measurement and optimization of responsiveness in supply chain networks with queueing structures ⋮ Analysis of lead time correlation under a base-stock policy ⋮ Forecasting of lead-time demand variance: implications for safety stock calculations ⋮ Nonlinear modeling and performance analysis of a closed-loop supply chain in the presence of stochastic noise

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