OVAP: A strategy to implement partial information sharing among supply chain retailers

R. Dominguez, S. Cannella, A.P. Barbosa-PĆ³voa, J.M. Framinan
ABSTRACT:

This paper analyses the impact on supply chain performance of adopting different strategies to implement partial information sharing among heterogeneous retailers. Supply chains are modelled using a multi-agent systems approach. We find that the strategy adopted to construct the partial information sharing structure (i.e., the retailers who share information) has a significant impact on supply chain performance. We propose a practical strategy, named Order VAriance Prioritization (OVAP), which gives priority to the retailers with higher order variance. OVAP outperforms the worst (i.e. naive) implementation method by 27.2% and 7.8% with respect to the levels of bullwhip and average inventory.

Publisher
Transportation Research Part E, Logistics and Transportation Review (Published)
Date
Feb, 2018
Keywords
Supply chain management | Partial information sharing | Heterogeneous retailers | Bullwhip effect | Multi-agent model | OVAP

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