Designing And Managing The Supply Chain
Designing And Managing The Supply Chain
Exploring the impact of RFID on supply chain dynamics
WSC '04 Proceedings of the 36th conference on Winter simulation
Agent-based demand forecast in multi-echelon supply chain
Decision Support Systems
Proceedings of the 40th Conference on Winter Simulation
Inspection and Replenishment Policies for Systems with Inventory Record Inaccuracy
Manufacturing & Service Operations Management
Hi-index | 0.01 |
A RFID-enabled global TFT-LCD supply chain associated with Grey forecasting model (GM) of Company A has been simulated and analyzed in this research. Three key performance indicates (KPI) including total inventory cost, inventory turnover and bullwhip effect are analyzed in the simulation experiments in order to compare the effectiveness of five different supply chain inventory models. The effectiveness of integrated system which is composed of supply chain operation, Grey short-term forecasting model and RFID system has been examined by aforementioned three KPIs. According to the result of Taguchi experiments, RFID-enabled R-SCI"G"M supply chain model which integrates the GM(1,1) forecasting model based on (s, Q) pull-based replenishment policy reduces 43.36% of the total inventory cost compared with that of the non-RFID SCI"G"M model. It apparently shows that a great improving effectiveness of supply chain inventory cost can be conducted while RFID system is incorporated with the GM(1,1) forecasting model.