The impact of stochastic lead times on the bullwhip effect – an empirical insight
Peter Nielsen , Zbigniew Michna
AbstractIn 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.
|Journal series||Management and Production Engineering Review, ISSN 2080-8208, e-ISSN 2082-1344, (B 12 pkt)|
|Publication size in sheets||0.5|
|Keywords in English||supply 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|
|Publication indicators||= 2|
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