Abstract
In a two-echelon supply chain system with 1 manufacture and N retailers, the two-stage stochastic dynamic program of whether manufacture to share information with n (0≤n ≤ N) retailers is constructed when the market demand is correlated with AR (1) module and information sharing is costly. The value of information shared with n retailers is analyzed analytically. One numerical case is simulated to illustrate the magnitude of the value of information shared with n retailers in the supply chain at last.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: Research Journal of Applied Sciences, Engineering and Technology
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.