The impact of stochastic lead times on the bullwhip effect – an empirical insight

Peter Nielsen , Zbigniew Michna

Abstract

In this article, we review the research state of the bullwhip effect in supply chains with stochastic lead times. We analyze problems arising in a supply chain when lead times are not deterministic. Using real data from a supply chain, we confirm that lead times are stochastic and can be modeled by a sequence of independent identically distributed random variables. This underlines the need to further study supply chains with stochastic lead times and model the behavior of such chains.
Author Peter Nielsen - Aalborg University
Peter Nielsen,,
-
, Zbigniew Michna (MISaF / IZM / KMiC)
Zbigniew Michna,,
- Katedra Matematyki i Cybernetyki
Journal seriesManagement and Production Engineering Review, ISSN 2080-8208, e-ISSN 2082-1344, (B 12 pkt)
Issue year2018
Vol9
No1
Pages65-70
Publication size in sheets0.5
Keywords in Englishsupply chain, bullwhip effect, inventory policy, lead time demand, order-up-to-level policy, stochastic lead time, demand forecasting, lead time fo recasting, lead time demand forecasting
DOIDOI:10.24425/119401
Languageen angielski
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Nielsen_Michna_The_impact_of_stochastic.pdf 301,62 KB
Score (nominal)12
Score sourcejournalList
Publication indicators Scopus Citations = 2
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