Results of a beer game experiment: Should a manager always behave according to the book? |
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Authors: | Mert Edali Hakan Yasarcan |
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Institution: | 1. Department of Industrial Engineering, Bogazici University, Bebek, Istanbul, Turkey;2. Department of Industrial Engineering, Yildiz Technical University, Besiktas, Istanbul, Turkey |
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Abstract: | We investigate the effect of the literature suggested optimal values of the parameters of a dynamic decision‐making heuristic in the presence of semirationally managed supply chain echelons using a soft coded one‐to‐one version of The Beer Game as an experimental platform. According to the counterintuitive results obtained in this study, it is possible for a “rational manager” to obtain higher costs than the costs generated by a “semirational manager.” Thus, the results do not support the use of the well‐established decision parameter values for the echelon of concern if the other echelons' inventories are managed suboptimally. © 2015 Wiley Periodicals, Inc. Complexity 21: 190–199, 2016 |
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Keywords: | anchor‐and‐adjust heuristic artificial agents beer game stock management supply chain management |
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