Flexibility, information structure, options, and market power in robust supply chains
Journal
International Journal of Production Economics
Journal Volume
134
Journal Issue
2
Pages
284-288
Date Issued
2011
Author(s)
Wallace S.W.
Abstract
Faced with uncertainty, researchers have explored concepts such as robustness, flexibility, information structure, options, and market power for supply chain management. Despite many influential findings, such as the presence of the bullwhip effect and channel power, the literature in supply chain management is a bit confusing with regard to these concepts, including how they are related to each other. In light of this, we discuss the meaning of the terms in a supply chain management context. We indicate what questions are at stake and some pitfalls to be aware of if the phenomenon we are concerned about is affected by strategic players. This paper is modelling focused. ? 2009 Elsevier B.V. All rights reserved.
Subjects
Flexibility; Information; Market power; Options; Risk; Robustness; Stages; Supply chain management
Other Subjects
Bullwhip effects; Channel power; Flexibility; Information; Information structures; Market Power; Options; Commerce; Information management; Supply chain management
Type
journal article