A theory of supply chains. Carlos F. Daganzo, Lecture notes in economics and mathematical systems ; 526

Daganzo, Carlos:

ISBN 10: 354000288X / ISBN 13: 9783540002888

Published by Berlin ; Heidelberg ; New York ; Hong Kong ; London ; Milan ; Paris ; Tokyo : Springer, 2003

About this Item

VIII, 123 S. : graph. Darst. ; 24 cm ex Library Book aus einer wissenschafltichen Bibliothek Sprache: Englisch Gewicht in Gramm: 223.

Seller Inventory # 270694

Bibliographic Details

• Title: A theory of supply chains. Carlos F. Daganzo, Lecture notes in economics and mathematical systems ; 526
• Publisher: Berlin ; Heidelberg ; New York ; Hong Kong ; London ; Milan ; Paris ; Tokyo : Springer
• Publication Date: 2003
• Language: English
• ISBN 10: 354000288X
• ISBN 13: 9783540002888
• Binding: kart.
• Condition: Sehr gut
• Weight: 223 grams
• Seller catalogs:
  • Alle Bücher

About this title

Synopsis

This work was stimulated by a comment made by a former student (Prof. Alan Erera of Georgia Tech) in connection with an inventory stabil­ ity game he was going to play in one of his logistics classes. This was the well-known "beer-game" that is often played in business schools to illus­ trate the "bullwhip" effect in supply chains. Al had said to me that he did not have to tell his students how to reorder replacement parts from the other members of the supply chain because he knew from experience that the order sizes the players would generate as the game progressed would become chaotic anyhow. Since I had not played the beer game, his asser­ tion was intriguing to me. Why would such an unstructured game always lead to the same undesirable effect? Did it have something to do with psy­ chology? What is it that players did to generate instabilities? I posed these to other people but could not get completely satisfactory an­ questions swers. Thus, the bullwhip mystery remained, at least in my mind. Since inventory chains are "conservative" systems analogous to a traffic stream, and since traffic flow models exhibit similar effects (the instability of automobile platoons and of certain numerical methods being two nota­ ble examples)' I suspected that traffic flow theory might shed some light on the puzzle.