Supply Chain Inventory Management and the Value of Shared Information
Management Science
Production Control Policies in Supply Chains with Selective-Information Sharing
Operations Research
Optimal production and rationing decisions in supply chains with information sharing
Operations Research Letters
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This paper considers a single product, two-echelon capacity constrained supply chain consisting of a supplier and two retailers facing correlated end-item demand. We use a decentralized Markov decision process with restricted observations to represent this system and conduct a numerical study to quantify the benefits of information sharing to the retailers under varying levels of supplier capacity and supply allocation mechanisms. Our results show an inverse relationship between capacity and information and indicate the retailers can achieve significant benefits as a result of the information sharing partnership.