Minimization of bullwhip effect in face of different inventory policy

• Main Author: Arif Adriyanto
• Other Authors: School of Mechanical and Aerospace Engineering
• Format: Final Year Project
• Language: English
• Published: 2013
• Subjects: DRNTU::Engineering
• Online Access: http://hdl.handle.net/10356/54042
• Institution: Nanyang Technological University

There are four major causes of bullwhip effect – demand forecast updating, order batching, price fluctuation, and rationing and Shortage Gaming (Lee, 1997), which can be measured using the concept of Bullwhip Effect Index (BE) (Dejonckheere, 2003; Sterman, 1989). This report will focus on the first...