SUPPLY CHAIN MODELLING AND CONTROL UNDER PROPORTIONAL INVENTORY-REPLENISHMENT POLICIES

• Published in: IFAC Proceedings Volumes Vol. 39; no. 3; pp. 277 - 282
• Main Authors: Papanagnou, C.I., Halikias, G.D.
• Format: Journal Article
• Language: English
• Published: 2006
• Subjects: Bullwhip effect; Covariance matrix Estimation; Information-sharing; State-space model; Supply Chain; Bullwhip effect; Covariance matrix Estimation; Information-sharing; State-space model; Supply Chain

A novel state-space model of a multi-node supply chain is presented, controlled via local proportional inventory-replenishment policies. The model is driven by a stochastic sequence representing customer demand. The model is analyzed under stationarity conditions and a simple recursive scheme is dev...