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There is now a CONTENT FREEZE for Mercury while we switch to a new platform. It began on Friday, March 10 at 6pm and will end on Wednesday, March 15 at noon. No new content can be created during this time, but all material in the system as of the beginning of the freeze will be migrated to the new platform, including users and groups. Functionally the new site is identical to the old one. webteam@gatech.edu
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Title: Improving the Performance of Distribution Supply Chains By Using Scheduled Synchronized Ordering with Information Sharing
Speaker: Professor Srinagesh Gavirneni, Cornell University
Abstract: We study a supply chain with one supplier and many retailers that face exogenous end-customer demands. In contrast to the retailers' newsvendor type ordering behavior, we propose a scheduled Synchronized Ordering Policy (SOP), under which all the retailers order freely in the same and only one period of an ordering cycle, and receive fixed shipments in other periods. We identify mathematical conditions under which SOP outperforms the newsvendor type ordering and corroborate them with numerical studies. We also compare SOP to Balanced Ordering Policy (BOP), under which the retailers take turns to order freely in one period of the cycle, and receive fixed shipments in other periods.
