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Analyzing the effect of the inventory policy on order and inventory variability with linear control theory

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  • Hoberg, Kai
  • Bradley, James R.
  • Thonemann, Ulrich W.

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  • Hoberg, Kai & Bradley, James R. & Thonemann, Ulrich W., 2007. "Analyzing the effect of the inventory policy on order and inventory variability with linear control theory," European Journal of Operational Research, Elsevier, vol. 176(3), pages 1620-1642, February.
    • Handle: RePEc:eee:ejores:v:176:y:2007:i:3:p:1620-1642
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    1. Hau L. Lee & Kut C. So & Christopher S. Tang, 2000. "The Value of Information Sharing in a Two-Level Supply Chain," Management Science, INFORMS, vol. 46(5), pages 626-643, May.
    2. Andrew J. Clark & Herbert Scarf, 2004. "Optimal Policies for a Multi-Echelon Inventory Problem," Management Science, INFORMS, vol. 50(12_supple), pages 1782-1790, December.
    3. Disney, S. M. & Towill, D. R., 2003. "On the bullwhip and inventory variance produced by an ordering policy," Omega, Elsevier, vol. 31(3), pages 157-167, June.
    4. John D. Sterman, 1989. "Modeling Managerial Behavior: Misperceptions of Feedback in a Dynamic Decision Making Experiment," Management Science, INFORMS, vol. 35(3), pages 321-339, March.
    5. Anantaram Balakrishnan & Joseph Geunes & Michael S. Pangburn, 2004. "Coordinating Supply Chains by Controlling Upstream Variability Propagation," Manufacturing & Service Operations Management, INFORMS, vol. 6(2), pages 163-183, July.
    6. Dejonckheere, J. & Disney, S. M. & Lambrecht, M. R. & Towill, D. R., 2003. "Measuring and avoiding the bullwhip effect: A control theoretic approach," European Journal of Operational Research, Elsevier, vol. 147(3), pages 567-590, June.
    7. Sven Axsäter & Kaj Rosling, 1993. "Notes: Installation vs. Echelon Stock Policies for Multilevel Inventory Control," Management Science, INFORMS, vol. 39(10), pages 1274-1280, October.
    8. Segerstedt, Anders, 1995. "Cover-Time Planning, a method for calculation of material requirements," International Journal of Production Economics, Elsevier, vol. 41(1-3), pages 355-368, October.
    9. Hau L. Lee & V. Padmanabhan & Seungjin Whang, 1997. "Information Distortion in a Supply Chain: The Bullwhip Effect," Management Science, INFORMS, vol. 43(4), pages 546-558, April.
    10. Frank Chen & Zvi Drezner & Jennifer K. Ryan & David Simchi-Levi, 2000. "Quantifying the Bullwhip Effect in a Simple Supply Chain: The Impact of Forecasting, Lead Times, and Information," Management Science, INFORMS, vol. 46(3), pages 436-443, March.
    11. Dejonckheere, J. & Disney, S. M. & Lambrecht, M. R. & Towill, D. R., 2004. "The impact of information enrichment on the Bullwhip effect in supply chains: A control engineering perspective," European Journal of Operational Research, Elsevier, vol. 153(3), pages 727-750, March.
    12. Herbert J. Vassian, 1955. "Application of Discrete Variable Servo Theory to Inventory Control," Operations Research, INFORMS, vol. 3(3), pages 272-282, August.
    13. Arthur F. Veinott, Jr., 1965. "Optimal Policy for a Multi-Product, Dynamic, Nonstationary Inventory Problem," Management Science, INFORMS, vol. 12(3), pages 206-222, November.
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    Cited by:

    1. Dmitry Ivanov & Boris Sokolov & Joachim Kaeschel, 2011. "Integrated supply chain planning based on a combined application of operations research and optimal control," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 19(3), pages 299-317, September.
    2. Rossi, Tommaso & Pozzi, Rossella & Testa, Mariapaola, 2017. "EOQ-based inventory management in single-machine multi-item systems," Omega, Elsevier, vol. 71(C), pages 106-113.
    3. Li, Xiaoming, 2008. "Demand evolution in stochastic inventory systems: Riskiness increase," International Journal of Production Economics, Elsevier, vol. 116(2), pages 182-189, December.
    4. Hoberg, Kai & Thonemann, Ulrich W., 2014. "Modeling and analyzing information delays in supply chains using transfer functions," International Journal of Production Economics, Elsevier, vol. 156(C), pages 132-145.
    5. Udenio, Maximiliano & Vatamidou, Eleni & Fransoo, Jan C., 2023. "Exponential smoothing forecasts: Taming the Bullwhip Effect when demand is seasonal," Other publications TiSEM 8fca6329-83b9-4a49-a2aa-e, Tilburg University, School of Economics and Management.
    6. Li, Qinyun & Disney, Stephen M. & Gaalman, Gerard, 2014. "Avoiding the bullwhip effect using Damped Trend forecasting and the Order-Up-To replenishment policy," International Journal of Production Economics, Elsevier, vol. 149(C), pages 3-16.
    7. Lin, J. & Naim, M.M. & Purvis, L. & Gosling, J., 2017. "The extension and exploitation of the inventory and order based production control system archetype from 1982 to 2015," International Journal of Production Economics, Elsevier, vol. 194(C), pages 135-152.
    8. Ponte, Borja & Puche, Julio & Rosillo, Rafael & de la Fuente, David, 2020. "The effects of quantity discounts on supply chain performance: Looking through the Bullwhip lens," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 143(C).
    9. Ivanov, Dmitry & Sokolov, Boris, 2013. "Control and system-theoretic identification of the supply chain dynamics domain for planning, analysis and adaptation of performance under uncertainty," European Journal of Operational Research, Elsevier, vol. 224(2), pages 313-323.
    10. Tianjian Yang & Ye Li & Simin Zhou, 2019. "System Dynamics Modeling of Dockless Bike-Sharing Program Operations: A Case Study of Mobike in Beijing, China," Sustainability, MDPI, vol. 11(6), pages 1-20, March.
    11. Zhou, Li & Disney, Stephen & Towill, Denis R., 2010. "A pragmatic approach to the design of bullwhip controllers," International Journal of Production Economics, Elsevier, vol. 128(2), pages 556-568, December.
    12. Saleh, Mohamed & Oliva, Rogelio & Kampmann, Christian Erik & Davidsen, Pål I., 2010. "A comprehensive analytical approach for policy analysis of system dynamics models," European Journal of Operational Research, Elsevier, vol. 203(3), pages 673-683, June.
    13. Garcia, C.A. & Ibeas, A. & Herrera, J. & Vilanova, R., 2012. "Inventory control for the supply chain: An adaptive control approach based on the identification of the lead-time," Omega, Elsevier, vol. 40(3), pages 314-327.
    14. Tianjian Yang & Weiguo Fan, 2016. "Information management strategies and supply chain performance under demand disruptions," International Journal of Production Research, Taylor & Francis Journals, vol. 54(1), pages 8-27, January.
    15. Garcia Salcedo, Carlos Andres & Ibeas Hernandez, Asier & Vilanova, Ramón & Herrera Cuartas, Jorge, 2013. "Inventory control of supply chains: Mitigating the bullwhip effect by centralized and decentralized Internal Model Control approaches," European Journal of Operational Research, Elsevier, vol. 224(2), pages 261-272.

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