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niValue of Information in Capacitated Supply Chains
Author(s): Srinagesh Gavirneni, Roman Kapuscinski and Sridhar Tayur
Reviewed work(s):
Source: Management Science, Vol. 45, No. 1 (Jan., 1999), pp. 16-24
Published by: INFORMS
Stable URL: http://www.jstor.org/stable/2634919 .
Accessed: 05/06/2012 05:54
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Value
of
Information in
Supply
Capacitated
Chains
Srinagesh Gavirneni * Roman Kapuscinski * Sridhar Tayur
Austin ProductCenter-Research, chlumberger,ustin, Texas78726
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University f MichiganBusinessSchool, nn Arbor,Michigan48109
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Graduate choolof Industrial dministration, arnegie ellon University, ittsburgh, ennsylvania 5213
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WATeincorporate information flow between a supplier and a retailer in a two-echelon
VV
model that captures the capacitated setting of a typical supply chain. We consider three
situations: (1) a traditional model where there is no information to the supplier prior to a
demand to him except for past data; (2) the supplier knows the (s, S) policy used by the
retailer as well as the end-item demand distribution; and (3) the supplier has full information
about the state of the retailer. Order up-to policies continue to be optimal for models with
information flow for the finite horizon, the infinite horizon discounted and the infinite horizon
average cost...