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Coordination in a multiple producers-distributor supply chain and the value of information

DSpace at IIT Bombay

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Field Value
 
Title Coordination in a multiple producers-distributor supply chain and the value of information
 
Creator THOMAS, A
KRISHNAMOORTHY, M
SINGH, G
VENKATESWARAN, J
 
Subject IMPACT
OPTIMIZATION
INSIGHTS
Decentralised decision-making
Value of information
Coordinated scheduling
Decentralised supply chain
Lagrangian relaxation
 
Description This paper analyses coordination and the value of information in a decentralised multiple-producers-distributor supply chain. The impact of sharing two vital pieces of information of this supply chain(i) production capacity and (ii) resource constraints - is examined with an example from a coal supply chain. The different components of decentralised supply chain coordination are identified. The 'value of information' is computed using a decentralised approach which is developed based on an iterative Lagrangian relaxation algorithm. Results and analysis based on extensive computational experiments with different models which have different levels of information-sharing are presented. As the results show, information-sharing significantly contributes to the strengthening of coordination in a decentralised supply chain. The resource constraint information is found to have higher impact than the production capacity information. The paper concludes with a few ideas to extend and generalise this work. (C) 2015 Elsevier B.V. All rights reserved.
 
Publisher ELSEVIER SCIENCE BV
 
Date 2016-01-14T14:01:35Z
2016-01-14T14:01:35Z
2015
 
Type Article
 
Identifier INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS, 167,63-73
0925-5273
1873-7579
http://dx.doi.org/10.1016/j.ijpe.2015.05.020
http://dspace.library.iitb.ac.in/jspui/handle/100/17676
 
Language en