The Research on Quantitative Models of the Bullwhip Effect Based on AR(1) Demand
XU Zhang-yi
Abstract
XU Zhang-yi
Abstract
In this paper,it establishes the(s,S) inventory management strategy to quantify the bullwhip effect under the circumstance that the market demand subject to the first order autocorrelation AR(1),then concludes that the bullwhip effect will be increased with the lead time extended or service levels improved.
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In this paper,it establishes the(s,S) inventory management strategy to quantify the bullwhip effect under the circumstance that the market demand subject to the first order autocorrelation AR(1),then concludes that the bullwhip effect will be increased with the lead time extended or service levels improved.
Key concepts: Bullwhip effect, Autocorrelation, Lead time, Econometrics, Order (exchange), Inventory management, Service (business), Computer science