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                                                     Seminar

             Department of Systems Engineering and Engineering Management
                                  The Chinese University of Hong Kong

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Title

:

Information Sharing and Order Variability Control Under a Generalized Demand Model

　

　

　

Speaker

:

Prof. Li Chen

　

　

Fuqua School of Business

　

　

Duke University

　

　

　

Date

:

July 14th, 2008 (Monday)

　

　

　

Time

:

4:30 p.m. - 5:30 p.m.

　

　

　

Venue

:

Room 513

　

　

William M.W. Mong Engineering Building

　

　

(Engineering Building Complex Phase 2)

　

　

CUHK

　

　

　

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Abstract:
　

The value of information sharing and how it could address the bullwhip effect have been the subject of studies in the literature. Most of these studies used different forms of demand models, assumed that the supplier has full knowledge of the underlying demand model and the order policy of the retailer, and no order smoothing was used by the retailer. In this paper, we aim at contributing to the literature by starting with a most general demand model, coupled with a smoothing policy for order variability control. We explore the optimal smoothing parameters that could benefit the total supply chain. In addition, we also do not require that the supplier has full knowledge of the retailer\'s demand model and order policy, but instead let the retailer share its projected future orders (and freely revise them as the retailer sees fit). However, we do assume that the supplier will use the historical projected order information to determine the stochastic characterization of the order revision process, which we believe is a quite reasonable assumption as it is what the supplier would naturally do. Under such a setting, we explore the value of information sharing by the retailer and the resulting bullwhip effect.


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Biography:
　

Li Chen is an assistant professor in operations management at the Fuqua School of Business, Duke University. Before joining Duke, Li was on the founding team and served as the lead scientist at TrueDemand Software. Li obtained his PhD degree from the Department of Management Science and Engineering at Stanford University.


************************* ALL ARE WELCOME ************************

　

　

　

Host

:

Prof. Sean X. Zhou

Tel

:

(852) 2609-8336

Email

:

zhoux@se.cuhk.edu.hk

　

　

　

Enquiries

:

Prof. Nan Chen or Prof. Sean X. Zhou

　

:

Department of Systems Engineering and Engineering Management

　

　

CUHK

Website

:

http://www.se.cuhk.edu.hk/~seg5810

Email

:

seg5810@se.cuhk.edu.hk

　

　

　

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