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Information sharing in a multi-echelon inventory system | TUP Journals & Magazine | IEEE Xplore

Information sharing in a multi-echelon inventory system

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Open Access

Abstract:

The influence of different information sharing scenarios in a single supplier-single retailer supply chain is analyzed. The five information sharing scenarios are central...Show More

Abstract:

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.
Published in: Tsinghua Science and Technology ( Volume: 12, Issue: 4, August 2007)
Page(s): 466 - 474
Date of Publication: August 2007
Electronic ISSN: 1007-0214