Postponement and Speculation in Noncommercial Supply Chains

Reduction of the Bullwhip Effect in Supply Chains through Speculation

Agent-based simulations show that some kinds of speculators are able to stabilize the price in a market and to make this market more efficient. Instead of a single market, we consider a supply chain comprising a sequence of three markets in order to check that such speculators can also stabilize a supply chain. Specifically, we verify if these speculators reduce the price fluctuations caused by...

Postponement and Information in a Supply Chain

We model a supply chain consisting of a production facility, a distribution center and two differentiated markets. Demand information is used to mitigate the effects of uncertainty in the output markets. We study the firm’s operational performance under alternative business processes, comparing early and delayed product differentiation. The comparison yields the value of postponement. Our resul...

The relationships between postponement strategies and manufacturing performance in supply chains . An industrial perspective

The postponement strategy is one of the most popular concepts, widely implemented in contemporary supply chains. Generally, the postponement strategy means delaying supply chain activities purposefully, until the customers‟ order is received. There is a diverse degree of a delay which is mostly determined by appropriate locations of material decoupling points in a flow of products among parties...

Postponement Strategies for Pharmaceutical Supply Chain

Fuzzy revenue efficiency in sustainable supply chains

The performance assessment of supply chains including sustainability dimensions of economic, environmental and social is a significant aspect for managers and decision makers. Furthermore, imprecise data are presented in many real world applications. Therefore, the current paper proposes an approach based on data envelopment analysis (DEA) to analyze the revenue efficiency of sustainable supply...