A simulation study on supply chain performance with uncertainty using contract

Tung Sun Chan, H. K. Chan

Research output: Chapter in book / Conference proceedingConference article published in proceeding or bookAcademic researchpeer-review

2 Citations (Scopus)

Abstract

Traditional optimization techniques have been proposed in order to improve the performance of supply chains. Although these approaches have been shown to be effective, most of them were developed without considering uncertainties in order to simplify the analysis. In distributed supply chains, participating members are not under a sole control of a central authority, the problem is even more stringent due to incomplete information sharing. One way to improve the system performance is to achieve coordination among participating parties through establishment of contracts. The main objective of this paper is to propose a coordination mechanism with early order completion contract to minimize the negative impacts of demand uncertainty. Performance of the system is measured in terms of cost and fill rate. Simulation results indicate that the proposed contract approach is able to improve the performance measures of the system subjects to uncertain demand.
Original languageEnglish
Title of host publicationProceedings of the 20th IEEE International Symposium on Intelligent Control, ISIC '05 and the 13th Mediterranean Conference on Control and Automation, MED '05
Pages814-819
Number of pages6
Volume2005
DOIs
Publication statusPublished - 1 Dec 2005
Externally publishedYes
Event20th IEEE International Symposium on Intelligent Control, ISIC '05 and the13th Mediterranean Conference on Control and Automation, MED '05 - Limassol, Cyprus
Duration: 27 Jun 200529 Jun 2005

Conference

Conference20th IEEE International Symposium on Intelligent Control, ISIC '05 and the13th Mediterranean Conference on Control and Automation, MED '05
CountryCyprus
CityLimassol
Period27/06/0529/06/05

ASJC Scopus subject areas

  • Engineering(all)

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