Aligning Capacity Decisions in Supply Chains When Demand Forecasts Are Private Information: Theory and Experiment.
Kyle HyndmanSantiago KraiselburdNoel WatsonPublished in: Manuf. Serv. Oper. Manag. (2013)
Keyphrases
- information theory
- supply chain
- capacity planning
- bullwhip effect
- uncertain demand
- customer demand
- production capacity
- decision making
- inventory management
- information theoretic
- lead time
- capacity expansion
- inventory control
- supply chain management
- planning horizon
- inventory policy
- conditional entropy
- safety stock
- operating costs
- market demand
- supplier selection
- decision makers
- product life cycle
- expected profit
- revenue sharing
- finished goods inventory
- multi period
- mutual information
- demand uncertainty
- image registration
- single product
- revenue management
- discrete event simulation
- holding cost
- dual sourcing
- dynamic pricing
- fixed cost
- service level