Management of demand uncertainty in supply chain cost planning
Cost effective supply chain management under various market, logistics and production uncertainties is a critical issue for companies in the current development. Reservations in the supply chain usually increase the variance of profits (or costs) to the company, increasing the likelihood of decreased profit. Demand uncertainty, in particular, is an important factor to be considered in the supply chain design and operations. To hedge against demand uncertainty, safety stock levels are commonly introduced in supply chain operations as well as in supply chain design. In this paper, the authors proposed the use of deterministic planning and scheduling models which incorporate safety stock levels as a means of accommodating demand uncertainties in routine operation.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/17427967
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Supplemental Notes:
- Copyright © 2015 Inderscience Enterprises Ltd.
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Authors:
- Mangal, Dharamvir
- Gupta, Tarun Kumar
- Publication Date: 2015
Language
- English
Media Info
- Media Type: Web
- Features: References;
- Pagination: pp 399-413
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Serial:
- International Journal of Logistics Systems and Management
- Volume: 22
- Issue Number: 4
- Publisher: Inderscience Enterprises Limited
- ISSN: 1742-7967
- EISSN: 1742-7945
- Serial URL: http://www.inderscience.com/jhome.php?jcode=ijlsm
Subject/Index Terms
- TRT Terms: Cost effectiveness; Costs; Customer satisfaction; Demand; Inventory; Planning; Scheduling; Supply chain management; Uncertainty
- Subject Areas: Administration and Management; Freight Transportation; Planning and Forecasting; I10: Economics and Administration; I72: Traffic and Transport Planning;
Filing Info
- Accession Number: 01581830
- Record Type: Publication
- Files: TRIS
- Created Date: Nov 25 2015 9:14AM