Dynamic Modeling and Simulation on Ordering Strategy of Five-Stage Supply Chain

Ying Zi Li; Xiao Dong Zhang

doi:10.4028/www.scientific.net/AMR.267.372

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HomeAdvanced Materials ResearchAdvanced Materials Research Vol. 267Dynamic Modeling and Simulation on Ordering...

Dynamic Modeling and Simulation on Ordering Strategy of Five-Stage Supply Chain

Abstract:

In order to describe complexity and dynamics of supply chain network, the simulation model of a five-stage complex supply chain networks was built firstly in this paper. Second, based on the model, comparative simulation towards the inventory level and the bullwhip effect under economic order quantity (EOQ) strategy and the minimum and maximum (s, S) strategy were carried out. Simulation result shows that, enterprises in different stages with different ordering strategies will have significant effect on supply chain performance. Supply chain enterprises in various stages should adopt reasonable ordering strategy in lights of their own characteristics.

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Periodical:

Advanced Materials Research (Volume 267)

Pages:

372-376

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.267.372

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Online since:

June 2011

Authors:

Ying Zi Li, Xiao Dong Zhang

Keywords:

Dynamic Simulation, Multi-Stage Supply Chain, Ordering Strategy

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