On the interplay between local lead times, overall lead time, prices, and profits in decentralized supply chains

2021 ◽  
pp. 108324
Author(s):  
Ramzi Hammami ◽  
Yannick Frein ◽  
Imen Nouira ◽  
Abduh-Sayid Albana
Keyword(s):  
Supply Chains ◽  
Lead Time ◽  
Lead Times

scholarly journals Lead Times – Their Behavior and the Impact on Planning and Control in Supply Chains

2017 ◽  
Vol 8 (2) ◽  
pp. 30-40 ◽  
Author(s):  
Peter Nielsen ◽  
Zbigniew Michna ◽  
Brian Bruhn Sørensen ◽  
Ngoc Do Anh Dung
Keyword(s):  
Supply Chains ◽  
Lead Time ◽  
Large Impact ◽  
Lead Times ◽  
Stochastic Nature ◽  
Planning And Control ◽  
And Control ◽  
The Impact ◽  
Independent And Identically Distributed

AbstractLead times and their nature have received limited interest in literature despite their large impact on the performance and the management of supply chains. This paper presents a method and a case implementation of the same, to establish the behavior of real lead times in supply chains. The paper explores the behavior of lead times and illustrates how in one particular case they can and should be considered to be independent and identically distributed (i.i.d.). The conclusion is also that the stochastic nature of the lead times contributes more to lead time demand variance than demand variance.

The Multiple Supply Chain Design Problem

2021 ◽  
Vol 14 (3) ◽  
pp. 39-62
Author(s):  
Shunichi Ohmori ◽  
Tsuneaki Arakane ◽  
Alex Ruiz-Torres ◽  
Kazuho Yoshimoto
Keyword(s):  
Mathematical Model ◽  
Sensitivity Analysis ◽  
Supply Chain ◽  
Supply Chains ◽  
Customer Service ◽  
Lead Time ◽  
Supply Chain Design ◽  
Lead Times ◽  
Time Sensitivity ◽  
Optimal Set

It has become widely accepted that delivering diverse products to customers who have different needs by a “one-size-fits-all” supply chain results in lower profits and customer service. Therefore, there is a need to design supply chain systems that can effectively and profitably serve products and customers with diverse characteristics. This paper presents a mathematical model that selects the optimal set of supply chains that match diverse characteristics of products and customers. The model considers various product, customer, and supply chain characteristics, including the required lead time, the supply chain lead times, the customer time sensitivity, and the complexity factor resulting from having multiple supply chains. An example and a sensitivity analysis are used to demonstrate the model's capabilities.

scholarly journals A Spatiotemporal Convolutional Gated Recurrent Unit Network for Mean Wave Period Field Forecasting

2021 ◽  
Vol 9 (4) ◽  
pp. 383
Author(s):  
Ting Yu ◽  
Jichao Wang
Keyword(s):  
Lead Time ◽  
Wave Period ◽  
Data Driven ◽  
Lead Times ◽  
Proposed Model ◽  
Data Driven Approach ◽  
Mean Wave Period ◽  
Scattering Index ◽  
Gated Recurrent Unit ◽  
Methods Numerical

Mean wave period (MWP) is one of the key parameters affecting the design of marine facilities. Currently, there are two main methods, numerical and data-driven methods, for forecasting wave parameters, of which the latter are widely used. However, few studies have focused on MWP forecasting, and even fewer have investigated it with spatial and temporal information. In this study, correlations between ocean dynamic parameters are explored to obtain appropriate input features, significant wave height (SWH) and MWP. Subsequently, a data-driven approach, the convolution gated recurrent unit (Conv-GRU) model with spatiotemporal characteristics, is utilized to field forecast MWP with 1, 3, 6, 12, and 24-h lead times in the South China Sea. Six points at different locations and six consecutive moments at every 12-h intervals are selected to study the forecasting ability of the proposed model. The Conv-GRU model has a better performance than the single gated recurrent unit (GRU) model in terms of root mean square error (RMSE), the scattering index (SI), Bias, and the Pearson’s correlation coefficient (R). With the lead time increasing, the forecast effect shows a decreasing trend, specifically, the experiment displays a relatively smooth forecast curve and presents a great advantage in the short-term forecast of the MWP field in the Conv-GRU model, where the RMSE is 0.121 m for 1-h lead time.

scholarly journals A Preliminary Look at the Social Perspective of Warn-on-Forecast: Preferred Tornado Warning Lead Time and the General Public’s Perceptions of Weather Risks

2011 ◽  
Vol 3 (2) ◽  
pp. 128-140 ◽  
Author(s):  
S. Hoekstra ◽  
K. Klockow ◽  
R. Riley ◽  
J. Brotzge ◽  
H. Brooks ◽  
...  
Keyword(s):  
Lead Time ◽  
Stated Preference ◽  
The United States ◽  
Public Understanding ◽  
Lead Times ◽  
Present System ◽  
The Public ◽  
Tornado Warnings ◽  
Tornado Warning ◽  
Weather Risks

Abstract Tornado warnings are currently issued an average of 13 min in advance of a tornado and are based on a warn-on-detection paradigm. However, computer model improvements may allow for a new warning paradigm, warn-on-forecast, to be established in the future. This would mean that tornado warnings could be issued one to two hours in advance, prior to storm initiation. In anticipation of the technological innovation, this study inquires whether the warn-on-forecast paradigm for tornado warnings may be preferred by the public (i.e., individuals and households). The authors sample is drawn from visitors to the National Weather Center in Norman, Oklahoma. During the summer and fall of 2009, surveys were distributed to 320 participants to assess their understanding and perception of weather risks and preferred tornado warning lead time. Responses were analyzed according to several different parameters including age, region of residency, educational level, number of children, and prior tornado experience. A majority of the respondents answered many of the weather risk questions correctly. They seemed to be familiar with tornado seasons; however, they were unaware of the relative number of fatalities caused by tornadoes and several additional weather phenomena each year in the United States. The preferred lead time was 34.3 min according to average survey responses. This suggests that while the general public may currently prefer a longer average lead time than the present system offers, the preference does not extend to the 1–2-h time frame theoretically offered by the warn-on-forecast system. When asked what they would do if given a 1-h lead time, respondents reported that taking shelter was a lesser priority than when given a 15-min lead time, and fleeing the area became a slightly more popular alternative. A majority of respondents also reported the situation would feel less life threatening if given a 1-h lead time. These results suggest that how the public responds to longer lead times may be complex and situationally dependent, and further study must be conducted to ascertain the users for whom the longer lead times would carry the most value. These results form the basis of an informative stated-preference approach to predicting public response to long (>1 h) warning lead times, using public understanding of the risks posed by severe weather events to contextualize lead-time demand.

scholarly journals Tornado Warnings, Lead Times, and Tornado Casualties: An Empirical Investigation

2008 ◽  
Vol 23 (2) ◽  
pp. 246-258 ◽  
Author(s):  
Kevin M. Simmons ◽  
Daniel Sutter
Keyword(s):  
United States ◽  
Lead Time ◽  
Empirical Investigation ◽  
Conventional Wisdom ◽  
Lead Times ◽  
Time Intervals ◽  
Consistent Effect ◽  
Tornado Warnings ◽  
The Relationship

Abstract Conventional wisdom holds that improved tornado warnings will reduce tornado casualties, because longer lead times on warnings provide extra opportunities to alert residents who can then take precautions. The relationship between warnings and casualties is examined using a dataset of tornadoes in the contiguous United States between 1986 and 2002. Two questions are examined: Does a warning issued on a tornado reduce the resulting number of fatalities and injuries? Do longer lead times reduce casualties? It is found that warnings have had a significant and consistent effect on tornado injuries, with a reduction of over 40% at some lead time intervals. The results for fatalities are mixed. An increase in lead time up to about 15 min reduces fatalities, while lead times longer than 15 min increase fatalities compared with no warning. The fatality results beyond 15 min, however, depend on five killer tornadoes and consequently are not robust.

Lead-time investigation and estimation in divergent supply chains

2014 ◽  
Vol 157 ◽  
pp. 177-189 ◽  
Author(s):  
Peter Berling ◽  
Mojtaba Farvid
Keyword(s):  
Supply Chains ◽  
Lead Time

HYDROLOGICAL DROUGHT FORECASTS USING MARKOV CHAINS AND REGRESSION MODELS (A CASE STUDY FOR NORTHWEST OF ALGERIA)

2021 ◽  
pp. 90-103
Author(s):  
A. RAHMOUNI ◽  
◽  
M. MEDDI ◽  
A. HAMOUDI SAAED ◽  
◽  
...  
Keyword(s):  
Lead Time ◽  
Robust Regression ◽  
Forecast Accuracy ◽  
Hydrological Drought ◽  
Lead Times ◽  
Chain Process ◽  
Markov Switching Model ◽  
North West ◽  
Switching Model ◽  
The North

An effective drought forecast is an important measure to mitigate some of its most damaging impacts. In this study we compare the effectiveness of two models: Markov Switching Model (MSM) and Robust Regression Model (RRM) with three different approaches to forecast hydrological drought events in the north-west of Algeria using Standardized Runoff Index (SRI). The validation of these models is carried out by hydro-climatic series of 41 stations for the period of 1968-2009. The values of SRI 3, SRI 6, and SRI 12 have been forecasted over lead times of 1 and 6 months. The performance of forecast results is measured using R2 and RMSE. For the lead time of 1 month, the results are quite similar for both models with slight superiority for the Markov chain process. The addition of the SPI or RDI indices as independent variables improves this performance for some stations while it decreases accuracy for other stations. However, forecast accuracy declines significantly as the lead time increases to 6 months particularly for regression results.

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