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Analyzing Decision Making Patterns based on Uncertain Information in a Supply Chain Environment

Title
Analyzing Decision Making Patterns based on Uncertain Information in a Supply Chain Environment
Author
한창희
Keywords
beer distribution game; meteorological information; supply chain management; decision-making pattern
Issue Date
2008-11
Publisher
IEEE
Citation
2008 Third International Conference on Convergence and Hybrid Information Technology, v. 1, Page. 177-183
Abstract
With the corporate environment nowadays being surrounded by plenty of information, the sharing of information among businesses through mutual cooperation tops the list of hot issues. Predictions of demands from the customer, business, or consumer by sharing information can affect the inventory and order production system. However, notwithstanding the importance of sharing information, empirical studies on quantitative use of information still remain insufficient in spite of many a discussion now being made on the sharing of information. This paper proposes to examine the ways meteorological information may affect the rises in the achievements of supply chains in distributive businesses, the kind of information that noticeably affects the consumer behavioral patterns in the distributive businesses but rarely perceived as a form of information shared by businesses. This study is based on a model in which meteorological information has been added as the one used to predict demands, after the beer distribution game has been modified to fit the current status, and simulations under an assumptive situation, where decisions are made on a daily basis, were conducted 50 times for a period of 1000 days for the generalization of the results, while at the same time a Duncan Test was conducted to determine the threshold to use the meteorological information that will be most profitable to the retailer, wholesaler, supplier and the supply chain as a whole. Our findings indicate that corporations have thresholds that vary from business to business depending upon the ratio of backlog costs to inventory costs. At the same time, our findings also show that there existed effective thresholds depending upon the ratio of backlog costs to inventory costs for the performance of the overall supply chain.
URI
https://ieeexplore.ieee.org/abstract/document/4682022https://repository.hanyang.ac.kr/handle/20.500.11754/105068
ISBN
978-0-7695-3407-7
DOI
10.1109/ICCIT.2008.284
Appears in Collections:
COLLEGE OF BUSINESS AND ECONOMICS[E](경상대학) > BUSINESS ADMINISTRATION(경영학부) > Articles
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