Utility Value and Fairness Consideration for Information Sharing in a Supply Chain
The importance of information sharing (IS) between an enterprise and its customers or cooperating companies has long been recognized in supply chain (SC) research. Many previous studies revealed that IS could play an important role in eliminating inefficiencies caused by the bullwhip effect. However, since most of them studied IS in a macroscopic way from the viewpoint of no/partial/full IS, they do not have great practical value when applied to the implementation of a specific SC. The objective of this study is to suggest a practical guideline for IS in a specific SC by promoting the needs for IS with technical verification using simulation and value analysis within the concept of profit sharing.
KeywordsSupply Chain Information Sharing Side Information Demand Forecast Safety Stock
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