Exploring The Bullwhip Effect By Means Of Spreadsheet Simulation
Download Exploring The Bullwhip Effect By Means Of Spreadsheet Simulation PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Exploring The Bullwhip Effect By Means Of Spreadsheet Simulation book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages.
Exploring the Bullwhip Effect by Means of Spreadsheet Simulation
An important supply chain research problem is the bullwhip effect: demand fluctuations increase as one moves up the supply chain from retailer to manufacturer. It has been recognized that demand forecasting and ordering policies are two of the key causes of the bullwhip effect. In this paper we present a spreadsheet application, which explores a series of replenishment policies and forecasting techniques under different demand patterns. It illustrates how tuning the parameters of the replenishment policy induces or reduces the bullwhip effect. Moreover, we demonstrate how bullwhip reduction (order variability dampening) may have an adverse impact on inventory holdings. Indeed, order smoothing may increase inventory fluctuations resulting in poorer customer service. As such, the spreadsheets can be used as an educational tool to gain a clear insight into the use or abuse of inventory control policies and improper forecasting in relation to the bullwhip effect and customer service.
Modelling, Computation and Optimization in Information Systems and Management Sciences
The proceedings consist of 34 papers which have been submitted to the 4th international conference on Modelling, Computation & Optimization in Information Systems and Management Science (MCO 2021) held on 11-13 December, 2021 at Hanoi, Vietnam. The book is composed of 3 parts: Optimization of complex systems - models and methods, Machine Learning - algorithms and applications, and Cryptography. All chapters in the books discuss theoretical and algorithmic as well as practical issues connected with modelling, computation & optimization in Information Systems and Management Science. Researchers and practitioners in related areas will find a wealth of inspiring ideas and useful tools & techniques for their own work.
Swarm, Evolutionary, and Memetic Computing
The two-volume set LNCS 8297 and LNCS 8298 constitutes the proceedings of the 4th International Conference on Swarm, Evolutionary and Memetic Computing, SEMCCO 2013, held in Chennai, India, in December 2013. The total of 123 papers presented in this volume was carefully reviewed and selected for inclusion in the proceedings. They cover cutting-edge research on swarm, evolutionary and memetic computing, neural and fuzzy computing and its application.