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- Title
INDIVIDUAL AND ENVIRONMENTAL IMPACTS ON SUPPLY CHAIN INVENTORY MANAGEMENT: AN EXPERIMENTAL INVESTIGATION OF INFORMATION AVAILABILITY AND PROCEDURAL RATIONALITY.
- Authors
Haines, Russell; Hough, Jill R.; Haines, Douglas
- Abstract
Some strategies for mitigating ordering inefficiencies in supply chains advise sharing information among decision-makers. However, there has been little consideration of how individual perceptions intervene in the use of available information in decision-making processes. This article reports the results of an experiment in which participants were instructed to minimize inventory holding and backlog costs for their supply chains as a whole. The analysis suggests that additional information affects supply chain inventory management costs only when rational decision-making processes are followed. Decreased costs are observed when rational decision-making is applied with backlog information. In contrast, increased costs are observed when consumer demand information is available.
- Subjects
BUSINESS planning; SUPPLY chain management; INFORMATION sharing; DECISION making; INVENTORIES; CONSUMPTION (Economics)
- Publication
Journal of Business Logistics, 2010, Vol 31, Issue 2, p111
- ISSN
0735-3766
- Publication type
Article
- DOI
10.1002/j.2158-1592.2010.tb00144.x