Demand fluctuations in the supply chain lead to uncertainty in inventory policy and thereupon the inventory costs increase. This paper considers the impact of forecasting on the demand variation in a serial three-stage supply chain including a retailer, a manufacturer and a supplier. Four forecasting methods are considered and demand variations evaluated as bullwhip effect measure. We use analy...

This paper analyzes factors explaining supply and demand of local public transportation. Together with variables related to traditional economic factors and mobility, we consider variables reflecting institutional characteristics and geographical patterns. Being a political capital increases supply and demand of local public transportation, inequality is associated with higher supply, and contr...

one effective method for improving the performance of supply chain is making coordination among members of supply chain. this paper studies the subject of coordination of supply chain by using an insurance contract. the supply chain consists of one-manufacturer and one-retailer that the retailer is faced with potential demand and returning of goods from customer. acceptance of goods returned is...

the primary purpose of this paper is to highlight for the research community and practitioners the various aspects of using vmi-type supply chains in today’s business environment as well as a number of directions for future studies. in this regard, fifty articles published in major international journals, beginning in 1995, which contribute to the vmi-type supply chains are reviewed via a syste...

Motivated by the rise of the sharing economy, we consider an intermediary firm’s problem of dynamically matching demand and supply of heterogeneous types over a discrete-time horizon. More specifically, there are two finite disjoint sets of demand and supply types. Associated with each possible matching of a demand type and a supply type is a reward. In each period, demand and supply of various...

The neoclassical price adjustment equation stipulates that prices move toward equilibrium at a rate that is proportional to the excess demand, i.e., the difference between the demand and supply divided by the demand (at that price). However, the demand and supply are generally nonlinear functions of price. We show that the information on this nonlinear variation of demand and supply leads to a ...

Transport systems are full of interactions between the demand for travel and the supply costs. As the demand increases, congestion builds up in the network and the costs of travel increases. In response to increased costs of travel, people may alter their demand for travel in terms of change of route, departure-time, mode, or choose not to travel. This demand/supply interaction enables an econo...

this paper presents a model predictive control (mpc) approach for production and inventory control systems. model predictive control previously has been successfully applied to supply chain problems; however most systems that have been proposed so far possess no information on future demand. the incorporation of a forecasting methodology in an mpc framework can promote the efficiency of control...

In this paper, we explore whether the geography of bank services has been converging toward the market since banking geographic deregulation. We use Illinois as a study area and examine changes in various market segments such as metro and non-metro markets, and regional markets. We adopt the Spatial Concentration Index (SCI) and the related supply and demand SCI deviations to measure changing s...