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L5 Demand & Forecasting (B The Bullwhip Effect (• Mitigating the…
L5 Demand & Forecasting
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B The Bullwhip Effect
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Cause
imbalance information between (factory demand and retail sales) , (order to supplier and order from customers)
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CT = waiting time in queue
ca = order arrivals
ce = the process time
μ = resource utilisation = load / capacity
te = mean effective process time