Ration Gaming and the Bullwhip Effect

Published Online:https://doi.org/10.1287/opre.2018.1774

References

  • Aguirregabiria V (1999) The dynamics of markups and inventories in retailing firms. Rev. Econom. Stud. 66(2):275–308.CrossrefGoogle Scholar
  • Aguirregabiria V, Mira P (2002) Swapping the nested fixed point algorithm: A class of estimators for discrete Markov decision models. Econometrica 70(4):1519–1543.CrossrefGoogle Scholar
  • Aguirregabiria V, Mira P (2010) Dynamic discrete choice structural models: A survey. J. Econometrics 156(1):38–67.CrossrefGoogle Scholar
  • Arcidiacono P, Ellickson PB (2011) Practical methods for estimation of dynamic discrete choice models. Annual Rev. Econom. 3(1):363–394.CrossrefGoogle Scholar
  • Arcidiacono P, Jones JB (2003) Finite mixture distributions, sequential likelihood and the EM algorithm. Econometrica 71(3):933–946.CrossrefGoogle Scholar
  • Arcidiacono P, Miller R (2011) Conditional choice probability estimation of dynamic discrete choice models with unobserved heterogeneity. Econometrica 79(6):1823–1867.CrossrefGoogle Scholar
  • Armony M, Plambeck EL (2005) The impact of duplicate orders on demand estimation and capacity investment. Management Sci. 51(10):1505–1518.LinkGoogle Scholar
  • Blinder AS, Maccini LJ (1991) Taking stock: A critical assessment of recent research on inventories. J. Econom. Perspect. 5(1):73–96.CrossrefGoogle Scholar
  • Blinder AS, Lovell MC, Summers LH (1981) Retail inventory behavior and business fluctuations. Brookings Papers Econom. Activity 1981(2):443–520.CrossrefGoogle Scholar
  • Bray RL (2019) Strong convergence and dynamic economic models. Quant. Econom. Forthcoming.CrossrefGoogle Scholar
  • Bray RL, Mendelson H (2012) Information transmission and the bullwhip effect: An empirical investigation. Management Sci. 58(5):860–875.LinkGoogle Scholar
  • Bray RL, Mendelson H (2015) Production smoothing and the bullwhip effect. Manufacturing Service Oper. Management 17(2):208–220.LinkGoogle Scholar
  • Cachon GP, Lariviere MA (1999) Capacity choice and allocation: Strategic behavior and supply chain performance. Management Sci. 45(8):1091–1108.LinkGoogle Scholar
  • Cachon GP, Randall T, Schmidt GM (2007) In search of the bullwhip effect. Manufacturing Service Oper. Management 9(4):457–479.LinkGoogle Scholar
  • Chen F (2003) Information sharing and supply chain coordination. Graves SC, de Kok AG, eds. Handbooks in Operations Research and Management Science, vol. 11 (Elsevier, Amsterdam), 341–421.Google Scholar
  • Chen F, Song J-S (2001) Optimal policies for multiechelon inventory problems with Markov-modulated demand. Oper. Res. 49(2):226–234.LinkGoogle Scholar
  • Chen F, Zheng Y-S (1994) Evaluating echelon stock (R, nQ) policies in serial production/inventory systems with stochastic demand. Management Sci. 40(10):1262–1275.LinkGoogle Scholar
  • Chen L, Lee HL (2012) Bullwhip effect measurement and its implications. Oper. Res. 60(4):771–784.LinkGoogle Scholar
  • Chen L, Luo W, Shang K (2016) Measuring the bullwhip effect: Discrepancy and alignment between information and material flows. Manufacturing Service Oper. Management 19(1):36–51.LinkGoogle Scholar
  • Eichenbaum M (1989) Some empirical evidence on the production level and production cost smoothing models of inventory investment. Amer. Econom. Rev. 79(4):853–864.Google Scholar
  • Erdem T, Imai S, Keane MP (2003) Brand and quantity choice dynamics under price uncertainty. Quant. Marketing Econom. 1(1):5–64.CrossrefGoogle Scholar
  • Fransoo JC, Wouters MJF (2000) Measuring the bullwhip effect in the supply chain. Supply Chain Management Internat. J. 5(2):78–89.CrossrefGoogle Scholar
  • Hall G, Rust J (2000) An empirical model of inventory investment by durable commodity intermediaries. Carnegie-Rochester Conf. Ser. Public Policy 52(1):171–214.CrossrefGoogle Scholar
  • Hendel I, Nevo A (2006) Measuring the implications of sales and consumer inventory behavior. Econometrica 74(6):1637–1673.CrossrefGoogle Scholar
  • Kahn JA (1987) Inventories and the volatility of production. Amer. Econom. Rev. 77(4):667–679.Google Scholar
  • Kelly K (1995) Burned by busy signals: Why Motorola ramped up production way past demand. Business Week (March 6), 36.Google Scholar
  • Kumar RS, Pugazhendhi S (2012) Information sharing in supply chains: An overview. Procedia Engrg. 38(C):2147–2154.CrossrefGoogle Scholar
  • Lai R (2005) Bullwhip in a Spanish shop. Harvard NOM Working Paper no. 06-06, Harvard Business School Negotiation, Organizations and Markets Unit, Harvard Business School, Boston.Google Scholar
  • Lee HL, Padmanabhan V, Whang S (1997a) Information distortion in a supply chain: The bullwhip effect. Management Sci. 43(4):546–558.LinkGoogle Scholar
  • Lee HL, Padmanabhan V, Whang S (1997b) The bullwhip effect in supply chains. Sloan Management Rev. 38(3):93–102.Google Scholar
  • Li L (1992) The role of inventory in delivery-time competition. Management Sci. 38(2):182–197.LinkGoogle Scholar
  • Lovell M (1961) Manufacturers’ inventories, sales expectations, and the acceleration principle. Econometrica 29(3):293–314.CrossrefGoogle Scholar
  • Maccini L, Rossana R (1984) Joint production, quasi-fixed factors of production, and investment in finished goods inventories. J. Money Credit Banking 16(2):218–236.CrossrefGoogle Scholar
  • Metzler LA (1941) The nature and stability of inventory cycles. Rev. Econom. Statist. 23(3):113–129.CrossrefGoogle Scholar
  • Miron JA, Zeldes SP (1988) Seasonality, cost shocks, and the production smoothing model of inventories. Econometrica 56(4):877–908.CrossrefGoogle Scholar
  • Rust J (1994) Structural estimation of Markov decision processes. Engle RF, McFadden DL, eds. Handbook of Econometrics, vol. 4 (North Holland, Amsterdam), 3081–3143.CrossrefGoogle Scholar
  • Sterman JD, Dogan D (2015) I’m not hoarding, I’m just stocking up before the hoarders get here. Behavioral causes of phantom ordering in supply chains. J. Oper. Management 39–40:6–22.CrossrefGoogle Scholar
  • Thurm S (2001) Missed signals: Behind Cisco’s woes are some wounds of its own making. Wall Street Journal (April 18), A1.Google Scholar
  • Veinott A (1965) The optimal inventory policy for batch ordering. Oper. Res. 13(3):424–432.LinkGoogle Scholar
  • Yang Y, Yuan Q, Xue W, Zhou Y (2014) Analysis of batch ordering inventory models with setup cost and capacity constraint. Internat. J. Production Econom. 155:340–350.CrossrefGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.