Manufacturing Supply Chain Adaptive Management under Changing Demand Conditions
نویسندگان
چکیده
The paper presents a system dynamics approach to analysis of generic manufacturing supply chain model and considers the problem of determination of adaptive effective strategy on production, supply rates and price according to inventory levels and the market situation through a demand curve estimation. The special focus lies on the investigation of the product price influences on demand and its optimal regulation. The simple manufacturing supply chain, which includes manufacturing unit, storage and distribution unit without having a direct customer orders is considered. The model for demand curve adaptive estimation and forecast by ordinary least squares and exponential smoothing methods is proposed. The problem of optimal management for price, distribution rate and production start rate under invariant and shifting demand curve is investigated. The obtained results can be used in research to understand and improve managerial decision making in real complex dynamic systems.
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