risk pooling-fall 2014_group 10.ppt

7/21/2019 Risk pooling-Fall 2014_Group 10.ppt

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RISK POOLING

GAME

Supply Chain Management Fall 2014

GROUP 10Nguyen Thi Anh Tuyet ( D10301811)

F!n"y S!#ut! (M10$0180%)

(M10301$0&)

(M1030100')

(M10$100)

N*+ie"! Di,ti!,!i (M103018$0)

Professor Shuo-Yan Chou


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-UESTIONS .ANAL/SIS

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-ue,ti*n 1

Compare e+enue, #*itand i2!teet!een

the "entrali#ed system and the de"entrali#ed

system !ith default parameter setting

9


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Siu!ti*n Re,ut

Neut! De!n4 5*e!ti*n6 De!n4 Me!n7 06 !i!n9e7 10

10


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E:#!n!ti*n (1;$)

From the simulation, the 9ent!i


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E:#!n!ti*n ($;$)

From the result, !e "an "al"ulate the profit*re)enue ratio

of the "entrali#ed system is 1&>&'@ and the de"entrali#ed

system 1>$@$

%n this "ase, 5ent!i


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-ue,ti*n $

+e"uting the nines"enarios$

hat the relationship of .rders, demands, holding

"ost, profit and fill-rate/

15


8/3017


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?*4ing 5*,t

.n igh arian"e, Centrali#ed System has a lo!er holding

"ost$ (he "entrali#ed system uses aggregates demand, so it has a

lo!er safety sto" !hi"h !ill has a lo!er holding "ost !hen

the )arian"e is high$

.n 3o! arian"e, e"entrali#ed System has a lo!er holding

"ost$

(he de"entrali#ed system supplies demand dire"tly one y oneto the retailers, so it !ill has a lo!er holding "ost !hen the

)arian"e is lo!$

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P*it (';')

5""ording to profit margin of the nine s"enarios,

1$ (he 9ent!i


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Fi R!te ($;$)

.)erall, the 9ent!i


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-ue,ti*n 3

hat is the definition of fill-rate/

hy is the fill-rate o)er 100: sometimes/

hat is the relationship et!een fill-rate and profit/

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Bh!t i, The Deiniti*n * Fi!teC

Deiniti*n7

(he numer of ser)i"e le)el et!een 2 parties$

5 measure of shipping performan"e epressed as a

per"entage of the total order$

i)ided ;


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Bhy i, The Fi!te O+e 100@ S*etie,C

>sually the optimal fillrate is 100: !here it is also "alled

perfe"t order$

hen the fillrate o)er 100:?

0

Demand 1 Demand 2 Demand 3

100 -50 100

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Bhy i, The Fi!te O+e 100@ S*etie,C

%t is "an happen !hen a demand has high "oeffi"ient of

)ariation$

%n the real !orld, usually the demand distriution !ill "hange

into other distriution &Poisson, eiull, @ohnson, et"$' or the

demand !ill automati"ally e"ome 0$

hen the demand is elo! 0 &- demand' in real !orld?

Customer do not order anything in that period

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Bh!t i, The Re!ti*n,hi# eteen Fi!te

!n4 P*itC

alue of .rder 3ines Shipped on the %nitial .rder *

(otal alue of the .rder &A400*AB00 80@'

%n)entory -D in)entory sto" -D redu"e profit


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Bhen the ?*4ing 5*,t i, !,*

9*n,i4ee4

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-ue,ti*n '

Play the game !hile you "an "hange the *4e u!ntity

and !*unt 4i,ti=uti*n>

Can you get any insights or impro)ement for the t!o

systems/

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The 9h!nge * *4e u!ntity !n4 !*unt

4i,ti=uti*n>

-ue,ti*n '

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?*4ing 5*,t !n4 P*it

olding "ost in 5ent!i


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Fi!te

(here is n*t u9h 4ieen9e in Fi !te +!ue =eteen

5ent!i


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?* !=*ut hen the De!n4 h!, St*ng

P*,iti+e 5*e!ti*nC

Cost

Holding Cost 1.5

Revenue per Item 20

Cost per Item 10

37

A, the Re+enue #e Ite g*e, u# *


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A, the Re+enue #e Ite g*e, u# *

5*,t #e Ite g*e, 4*n

38

Cost

Holding Cost 1.5

Revenue per Item 200

Cost per Item 10

-0.903%


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S*uti*n

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S*uti*n

40

Cost

Holding Cost 1.5

Revenue per Item 200

Cost per Item 10

-0.29%

De9ent!i

Correlation


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5*n9u,i*n,1$ From the 1stGuestion, !e "an "on"lude that the "entrali#ed and the de"entrali#ed

system has a ,ii! e+enue #*it . i!te for neutral "orrelation and

medium )arian"e

2$ From the 2ndGuestion, !e "an "on"lude that

(he "entrali#ed ha)e a =ette !gin #*it th!n 4e9ent!i


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5*n9u,i*n,6$ From the 6rdGuestion, !e "an "on"lude that Fi !te h!, ! #*,iti+e 9*e!ti*n

ith #*it in the ,!e ,y,te> +)en a slight in"rement of the fill rate "an gi)e

a signifi"ant in"rement profit$

4$ From the 4th Guestion, !e "an "on"lude that Centrali#ed system sho! etter

result than e"entrali#ed and it7s ale to generate higher profit in neutral

"orrelation

B$ hen the "orrelation turn e"ome positi)e "orrelation, e"entrali#ed system

"an perform etter than Centrali#ed System depend on the e)enue per %tem,

Cost per %tem, and olding Cost

5ON5LUSIONS

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risk pooling-fall 2014_group 10.ppt

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