Title :
A study of JMI in supply chain based on system dynamics
Author :
Jin, Dan ; Zhang, Lijuan
Author_Institution :
Beijing Inst. of Technol., Beijing, China
Abstract :
This paper establishes a model of the jointly managed inventory (JMI) for iron and steel enterprises based on system dynamics (SD), and simulates the model dynamically with the specific business data. Through a quantitative analysis on the optimization role of the JMI and the bullwhip effect (BE) of supply chain, the paper concludes the feasibility and superiority of the JMI in the supply chain for iron and steel enterprises.
Keywords :
inventory management; supply chains; JMI; bullwhip effect; jointly managed inventory; supply chain; system dynamics; Computational modeling; Computer simulation; Costs; Feedback; Inventory management; Iron; Metals industry; Power system modeling; Steel; Supply chains;
Conference_Titel :
Grey Systems and Intelligent Services, 2009. GSIS 2009. IEEE International Conference on
Conference_Location :
Nanjing
Print_ISBN :
978-1-4244-4914-9
Electronic_ISBN :
978-1-4244-4916-3
DOI :
10.1109/GSIS.2009.5408120
