The bullwhip effect: progress, trends and directions

Wang, Xun ORCID: https://orcid.org/0000-0001-7800-726X and Disney, Stephen Michael ORCID: https://orcid.org/0000-0003-2505-9271 2016. The bullwhip effect: progress, trends and directions. European Journal of Operational Research 250 (3) , pp. 691-701. 10.1016/j.ejor.2015.07.022

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Abstract

The bullwhip effect refers to the phenomenon where order variability increases as the orders move upstream in the supply chain. This paper provides a review of the bullwhip literature which adopts empirical, experimental and analytical methodologies. Early econometric evidence of bullwhip is highlighted. Findings from empirical and experimental research are compared with analytical and simulation results. Assumptions and approximations for modelling the bullwhip effect in terms of demand, forecast, delay, replenishment policy, and coordination strategy are considered. We identify recent research trends and future research directions concerned with supply chain structure, product type, price, competition and sustainability.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics) Centre for Advanced Manufacturing Systems At Cardiff (CAMSAC)
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor
Uncontrolled Keywords:	Bullwhip effect; Supply chain management; Literature review
Publisher:	Elsevier
ISSN:	0377-2217
Date of First Compliant Deposit:	30 March 2016
Date of Acceptance:	8 July 2015
Last Modified:	05 May 2023 20:55
URI:	https://orca.cardiff.ac.uk/id/eprint/74438

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