Analysis of Chaotic Behaviour in Supply Chain Variables

Sergio A. Ramírez () and Gloria E. Peña ()
Additional contact information
Sergio A. Ramírez: Universidad EAFIT – Bogotá, Colombia
Gloria E. Peña: Universidad Nacional de Colombia, Escuela de Ingeniería de la Organización, Medellín

Journal of Economics, Finance and Administrative Science, 2011, vol. 16, issue 31, 85-106

Abstract: In this article we develop a supply chain model of four levels through the utilization of system dynamics with Ithink® and Mathlab® softwares to analyze data. The supply chain is studied from the chaos theory perspective, which helps identifying the sensitive variables that can lead to a state of chaos. A generic structure model that comprehends factory links, distribution, wholesale, retail and the client is constructed. The difficulty of operations and logistics managers to decide how much to order and when to do it is simulated accordingly to what occurs in the links of the preceding and subsequent levels with two decision parameters: The first parameter denominated A indicates the participation (between 0 and 1) of the number of product units that are taken into account in the actual stock and the pending orders at the moment of performing an order. The second parameter, denominated B, is the participation (between 0 and 1) of the number of units in the supply line (in transit) at the moment of performing orders of each of the links of the supply chain.

Keywords: Supply chain management; logistics; Chaos Theory; system dynamics; simulation; Beer Game. (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.esan.edu.pe/publicaciones/2011/11/29/journal__31_ramirez_pena.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:joefas:0036

Access Statistics for this article

Journal of Economics, Finance and Administrative Science is currently edited by Nestor U. Salcedo

More articles in Journal of Economics, Finance and Administrative Science from Universidad ESAN 1652 Alonso de Molina, Santiago de Surco 15023, Lima, Peru. Contact information at EDIRC.
Bibliographic data for series maintained by ESAN Ediciones ().