The impact of stochastic lead times on the bullwhip effect – An empirical insight

Peter Nielsen; Zbigniew Michna

doi:10.24425/119401

The impact of stochastic lead times on the bullwhip effect – An empirical insight

Peter Nielsen^*, Zbigniew Michna

^*Corresponding author for this work

Research output: Contribution to journal › Journal article › Research › peer-review

5 Citations (Scopus)

99 Downloads (Pure)

Abstract

In this article, we review the research state of the bullwhip effect in supply chains with stochastic lead times. We analyze problems arising in a supply chain when lead times are not deterministic. Using real data from a supply chain, we confirm that lead times are stochastic and can be modeled by a sequence of independent identically distributed random variables. This underlines the need to further study supply chains with stochastic lead times and model the behavior of such chains.

Original language	English
Journal	Management and Production Engineering Review
Volume	9
Issue number	1
Pages (from-to)	65-70
Number of pages	6
ISSN	2080-8208
DOIs	https://doi.org/10.24425/119401
Publication status	Published - 1 Mar 2018

Keywords

Bullwhip effect
Demand forecasting
Inventory policy
Lead time demand
Lead time demand forecasting
Lead time forecasting
Order-up-to-level policy
Stochastic lead time
Supply chain

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10.24425/119401Licence: CC BY-NC-ND 4.0

Open Access articleFinal published version, 335 KBLicence: CC BY-NC-ND 4.0

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title = "The impact of stochastic lead times on the bullwhip effect – An empirical insight",

abstract = "In this article, we review the research state of the bullwhip effect in supply chains with stochastic lead times. We analyze problems arising in a supply chain when lead times are not deterministic. Using real data from a supply chain, we confirm that lead times are stochastic and can be modeled by a sequence of independent identically distributed random variables. This underlines the need to further study supply chains with stochastic lead times and model the behavior of such chains.",

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AB - In this article, we review the research state of the bullwhip effect in supply chains with stochastic lead times. We analyze problems arising in a supply chain when lead times are not deterministic. Using real data from a supply chain, we confirm that lead times are stochastic and can be modeled by a sequence of independent identically distributed random variables. This underlines the need to further study supply chains with stochastic lead times and model the behavior of such chains.

KW - Bullwhip effect

KW - Demand forecasting

KW - Inventory policy

KW - Lead time demand

KW - Lead time demand forecasting

KW - Lead time forecasting

KW - Order-up-to-level policy

KW - Stochastic lead time

KW - Supply chain

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The impact of stochastic lead times on the bullwhip effect – An empirical insight

Abstract

Keywords

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