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Bullwhip dependency of participants' risk preferences in the supply chain

Panić Biljana V. / Makajić-Nikolić Dragana D. / Hadžiahmetović Maja D. / Vujošević Mirko B.

This paper examines the causes of risk preferences, as one of the personality traits, of the participants in the supply chain on inventory and backorder costs. Based on test results the participants are divided into two groups: risk - seeking and risk - averse. Two teams are formed who simulated a beer game. It is shown that there are differences in costs between these teams.

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Bullwhip dependency of participants' risk preferences in the supply chain

Panić Biljana V. / Makajić-Nikolić Dragana D. / Hadžiahmetović Maja D. / Vujošević Mirko B.

This paper examines the causes of risk preferences, as one of the personality traits, of the participants in the supply chain on inventory and backorder costs. Based on test results the participants are divided into two groups: risk - seeking and risk - averse. Two teams are formed who simulated a beer game. It is shown that there are differences in costs between these teams.

Bullwhip dependency of participants' risk preferences in the supply chain

Panić Biljana V. / Makajić-Nikolić Dragana D. / Hadžiahmetović Maja D. / Vujošević Mirko B.

This paper examines the causes of risk preferences, as one of the personality traits, of the participants in the supply chain on inventory and backorder costs. Based on test results the participants are divided into two groups: risk - seeking and risk - averse. Two teams are formed who simulated a beer game. It is shown that there are differences in costs between these teams.

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Document information

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Title:

Bullwhip dependency of participants' risk preferences in the supply chain

Contributors:

Panić Biljana V. (author) / Makajić-Nikolić Dragana D. (author) / Hadžiahmetović Maja D. (author) / Vujošević Mirko B. (author)

Published in:

Tehnika, Vol 72, Iss 3, Pp 417-421 (2017)

Publication date:

2017

ISSN:

0040-2176 , 2560-3086

DOI:

https://doi.org/10.5937/tehnika1703417P

Type of media:

Article (Journal)

Type of material:

Electronic Resource

Language:

Unknown

Keywords:

risk preferences , bullwhip effect , supply chains , Engineering (General). Civil engineering (General) , TA1-2040

Metadata by DOAJ is licensed under CC BY-SA 1.0

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