Abstract
This paper presents a study aimed at quantifying the benefits of information sharing-based supply chain partnerships. We derive the optimal inventory policies for the manufacturer and the retailer in a two-level decentralized supply chain under different information sharing scenarios. We show that increasing information sharing among the members in a decentralized supply chain will lead to Pareto improvement in the performance of the entire chain. Specifically, the manufacturer can obtain benefits in terms of reductions in inventory levels and cost savings.
| Original language | English |
|---|---|
| Pages (from-to) | 436-446 |
| Number of pages | 11 |
| Journal | Journal of the Operational Research Society |
| Volume | 53 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 1 Jan 2002 |
Keywords
- Information sharing
- Inventory control
- Pareto improvement
- Partnerships
- Quick response
- Supply chain
ASJC Scopus subject areas
- Management Information Systems
- Strategy and Management
- Management Science and Operations Research
- Marketing