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Modeling the Impact of Information on Inventories

  • Ananth V. Iyer
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 17)

Abstract

In this chapter, we study models of supply chains that focus on the impact of demand information on demand uncertainty and the consequent impact on the inventory levels required to maximize expected profit. We will also focus on the different impacts of information on the manufacturer and the buyer expected profits. This permits us to study the effect of contractual agreements between the buyer and the supplier that may be required to share the benefits of information on a supply chain. The bulk of the material in this chapter is derived from Eppen and Iyer (1997a), (1997b) and Iyer and Bergen (1997).

Keywords

Optimal Policy Service Level Inventory Level Service Level Agreement Expected Profit 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 1999

Authors and Affiliations

  • Ananth V. Iyer
    • 1
  1. 1.Krannert School of ManagementPurdue UniversityWest LafayetteUSA

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