Research on information increment and demand information value in supply chains

  • Jing Wang*
  • , Yuxiang Li
  • , Xun Wang
  • *Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

The concepts of information increment and demand information value in supply chains are defined, and then the measurement methods of them are established basing on the theory of information science. The mechanism of demand information influencing the ordering process and the wholesaler's expected benefits is clarified by building a supply chain ordering model. The relationship between information increment and information value is studied, when assuming the demands are uniformly and normally distributed. The results of the analysis and the simulation experiment prove that there is a positive correlation between information increment and information value, and the information increment can influence the information user's benefits. The results suggest that it is necessary to establish an effective information evaluation system for members in supply chains to increase their benefits by improving the quality of decision information.

Original languageEnglish
Title of host publicationIEEM 2007
Subtitle of host publication2007 IEEE International Conference on Industrial Engineering and Engineering Management
Pages1369-1373
Number of pages5
DOIs
StatePublished - 2007
Event2007 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2007 - , Singapore
Duration: 2 Dec 20074 Dec 2007

Publication series

NameIEEM 2007: 2007 IEEE International Conference on Industrial Engineering and Engineering Management

Conference

Conference2007 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2007
Country/TerritorySingapore
Period2/12/074/12/07

Keywords

  • Demand information
  • Information increment
  • Information value
  • Supply chain management

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