IDEAS home Printed from https://ideas.repec.org/a/bla/popmgt/v24y2015i8p1216-1234.html
   My bibliography  Save this article

Decision Making and Cognition in Multi-Echelon Supply Chains: An Experimental Study

Author

Listed:
  • Arunachalam Narayanan
  • Brent B. Moritz

Abstract

No abstract is available for this item.

Suggested Citation

  • Arunachalam Narayanan & Brent B. Moritz, 2015. "Decision Making and Cognition in Multi-Echelon Supply Chains: An Experimental Study," Production and Operations Management, Production and Operations Management Society, vol. 24(8), pages 1216-1234, August.
    • Handle: RePEc:bla:popmgt:v:24:y:2015:i:8:p:1216-1234
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/poms.12343
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Oechssler, Jörg & Roider, Andreas & Schmitz, Patrick W., 2009. "Cognitive abilities and behavioral biases," Journal of Economic Behavior & Organization, Elsevier, vol. 72(1), pages 147-152, October.
    2. Maurice E. Schweitzer & Gérard P. Cachon, 2000. "Decision Bias in the Newsvendor Problem with a Known Demand Distribution: Experimental Evidence," Management Science, INFORMS, vol. 46(3), pages 404-420, March.
    3. Brent Moritz & Enno Siemsen & Mirko Kremer, 2014. "Judgmental Forecasting: Cognitive Reflection and Decision Speed," Production and Operations Management, Production and Operations Management Society, vol. 23(7), pages 1146-1160, July.
    4. Machuca, José A. D. & Barajas, Rafael P., 2004. "The impact of electronic data interchange on reducing bullwhip effect and supply chain inventory costs," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 40(3), pages 209-228, May.
    5. Shane Frederick, 2005. "Cognitive Reflection and Decision Making," Journal of Economic Perspectives, American Economic Association, vol. 19(4), pages 25-42, Fall.
    6. Katok, Elena, 2011. "Using Laboratory Experiments to Build Better Operations Management Models," Foundations and Trends(R) in Technology, Information and Operations Management, now publishers, vol. 5(1), pages 1-86, November.
    7. Elliot Bendoly, 2014. "System Dynamics Understanding in Projects: Information Sharing, Psychological Safety, and Performance Effects," Production and Operations Management, Production and Operations Management Society, vol. 23(8), pages 1352-1369, August.
    8. Hau L. Lee & V. Padmanabhan & Seungjin Whang, 1997. "Information Distortion in a Supply Chain: The Bullwhip Effect," Management Science, INFORMS, vol. 43(4), pages 546-558, April.
    9. repec:cup:judgdm:v:1:y:2006:i::p:33-47 is not listed on IDEAS
    10. Holweg, Matthias & Bicheno, John, 2002. "Supply chain simulation - a tool for education, enhancement and endeavour," International Journal of Production Economics, Elsevier, vol. 78(2), pages 163-175, July.
    11. Hau L. Lee & V. Padmanabhan & Seungjin Whang, 2004. "Comments on "Information Distortion in a Supply Chain: The Bullwhip Effect"," Management Science, INFORMS, vol. 50(12_supple), pages 1887-1893, December.
    12. Joel H. Steckel & Sunil Gupta & Anirvan Banerji, 2004. "Supply Chain Decision Making: Will Shorter Cycle Times and Shared Point-of-Sale Information Necessarily Help?," Management Science, INFORMS, vol. 50(4), pages 458-464, April.
    13. David Cesarini & Magnus Johannesson & Patrik K. E. Magnusson & Björn Wallace, 2012. "The Behavioral Genetics of Behavioral Anomalies," Management Science, INFORMS, vol. 58(1), pages 21-34, January.
    14. Robert L. Bray & Haim Mendelson, 2012. "Information Transmission and the Bullwhip Effect: An Empirical Investigation," Management Science, INFORMS, vol. 58(5), pages 860-875, May.
    15. Gary E. Bolton & Elena Katok, 2008. "Learning by Doing in the Newsvendor Problem: A Laboratory Investigation of the Role of Experience and Feedback," Manufacturing & Service Operations Management, INFORMS, vol. 10(3), pages 519-538, September.
    16. John D. Sterman, 1989. "Modeling Managerial Behavior: Misperceptions of Feedback in a Dynamic Decision Making Experiment," Management Science, INFORMS, vol. 35(3), pages 321-339, March.
    17. Philip M. Fernbach & Steven A. Sloman & Robert St. Louis & Julia N. Shube, 2013. "Explanation Fiends and Foes: How Mechanistic Detail Determines Understanding and Preference," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 39(5), pages 1115-1131.
    18. Cantor, David E. & Katok, Elena, 2012. "Production smoothing in a serial supply chain: A laboratory investigation," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 48(4), pages 781-794.
    19. Sterman, John D., 1989. "Misperceptions of feedback in dynamic decision making," Organizational Behavior and Human Decision Processes, Elsevier, vol. 43(3), pages 301-335, June.
    20. Michael J. Fry, 2008. "Teaching Problem Solving Techniques to MBA Students Through Supply Chain Management," INFORMS Transactions on Education, INFORMS, vol. 8(2), pages 65-74, January.
    21. Rachel Croson & Karen Donohue, 2006. "Behavioral Causes of the Bullwhip Effect and the Observed Value of Inventory Information," Management Science, INFORMS, vol. 52(3), pages 323-336, March.
    22. repec:cup:judgdm:v:7:y:2012:i:1:p:25-47 is not listed on IDEAS
    23. Ann-Renée Blais & Elke U. Weber, 2006. "A Domain-Specific Risk-Taking (DOSPERT)Scale for Adult Populations," CIRANO Working Papers 2006s-24, CIRANO.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Strohhecker, Jürgen & Leyer, Michael, 2019. "How stock-flow failure and general cognitive ability impact performance in operational dynamic control tasks," European Journal of Operational Research, Elsevier, vol. 276(3), pages 1044-1055.
    2. Perera, H. Niles & Hurley, Jason & Fahimnia, Behnam & Reisi, Mohsen, 2019. "The human factor in supply chain forecasting: A systematic review," European Journal of Operational Research, Elsevier, vol. 274(2), pages 574-600.
    3. Paulo Gonçalves & Mohammad Moshtari, 2021. "The impact of information visibility on ordering dynamics in a supply chain: a behavioral perspective," System Dynamics Review, System Dynamics Society, vol. 37(2-3), pages 126-154, April.
    4. Hendijani, Rosa, 2021. "The effect of thinking style on dynamic systems performance: The mediating role of stock-flow understanding," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 95(C).
    5. Pan, Jinrui & Shachat, Jason & Wei, Sijia, 2018. "Cognitive stress and learning Economic Order Quantity (EOQ) inventory management: An experimental investigation," MPRA Paper 93214, University Library of Munich, Germany.
    6. Tarikere T. Niranjan & Narendra K. Ghosalya & Srinagesh Gavirneni, 2022. "Crying Wolf and a Knowing Wink: A Behavioral Study of Order Inflation and Discounting in Supply Chains," Production and Operations Management, Production and Operations Management Society, vol. 31(3), pages 1071-1088, March.
    7. James Paine, 2023. "Dynamic supply chains with endogenous dispositions," System Dynamics Review, System Dynamics Society, vol. 39(1), pages 32-63, January.
    8. Siqi Ma & Li Hao & John A. Aloysius, 2021. "Women are an Advantage in Supply Chain Collaboration and Efficiency," Production and Operations Management, Production and Operations Management Society, vol. 30(5), pages 1427-1441, May.
    9. Yang, Y. & Lin, J. & Liu, G. & Zhou, L., 2021. "The behavioural causes of bullwhip effect in supply chains: A systematic literature review," International Journal of Production Economics, Elsevier, vol. 236(C).
    10. Mehrdokht Pournader & Andrew Kach & Seyed Hossein Razavi Hajiagha & Ali Emrouznejad, 2017. "Investigating the impact of behavioral factors on supply network efficiency: insights from banking’s corporate bond networks," Annals of Operations Research, Springer, vol. 254(1), pages 277-302, July.
    11. Jorge Mejia & Chris Parker, 2021. "When Transparency Fails: Bias and Financial Incentives in Ridesharing Platforms," Management Science, INFORMS, vol. 67(1), pages 166-184, January.
    12. Villa, Sebastián & Castañeda, Jaime Andrés, 2018. "Transshipments in supply chains: A behavioral investigation," European Journal of Operational Research, Elsevier, vol. 269(2), pages 715-729.
    13. Tobias Stangl & Ulrich W. Thonemann, 2017. "Equivalent Inventory Metrics: A Behavioral Perspective," Manufacturing & Service Operations Management, INFORMS, vol. 19(3), pages 472-488, July.
    14. Liang Qi & Cleotilde Gonzalez, 2015. "Mathematical knowledge is related to understanding stocks and flows: results from two nations," System Dynamics Review, System Dynamics Society, vol. 31(3), pages 97-114, July.
    15. Rosa Hendijani, 2021. "Analytical thinking, Little's Law understanding, and stock‐flow performance: two empirical studies," System Dynamics Review, System Dynamics Society, vol. 37(2-3), pages 99-125, April.
    16. Jinrui Pan & Jason Shachat & Sijia Wei, 2020. "Cognitive reflection and economic order quantity inventory management: An experimental investigation," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(6), pages 998-1009, September.
    17. Robert J. Batt & Jordan D. Tong, 2020. "Mean Service Metrics: Biased Quality Judgment and the Customer–Server Quality Gap," Manufacturing & Service Operations Management, INFORMS, vol. 22(5), pages 975-995, September.
    18. Haines, Russell & Hough, Jill & Haines, Douglas, 2017. "A metacognitive perspective on decision making in supply chains: Revisiting the behavioral causes of the bullwhip effect," International Journal of Production Economics, Elsevier, vol. 184(C), pages 7-20.
    19. Fransoo, Jan C. & Udenio, Maximiliano, 2021. "The bullwhip effect," Other publications TiSEM 382aec81-b3b0-4696-bf00-5, Tilburg University, School of Economics and Management.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zhao, Yingshuai & Zhao, Xiaobo, 2015. "On human decision behavior in multi-echelon inventory management," International Journal of Production Economics, Elsevier, vol. 161(C), pages 116-128.
    2. Enrique Holgado de Frutos & Juan R Trapero & Francisco Ramos, 2020. "A literature review on operational decisions applied to collaborative supply chains," PLOS ONE, Public Library of Science, vol. 15(3), pages 1-28, March.
    3. Li Chen & Hau L. Lee, 2012. "Bullwhip Effect Measurement and Its Implications," Operations Research, INFORMS, vol. 60(4), pages 771-784, August.
    4. Yang, Y. & Lin, J. & Liu, G. & Zhou, L., 2021. "The behavioural causes of bullwhip effect in supply chains: A systematic literature review," International Journal of Production Economics, Elsevier, vol. 236(C).
    5. Strohhecker, Jürgen & Leyer, Michael, 2019. "How stock-flow failure and general cognitive ability impact performance in operational dynamic control tasks," European Journal of Operational Research, Elsevier, vol. 276(3), pages 1044-1055.
    6. Cantor, David E. & Katok, Elena, 2012. "Production smoothing in a serial supply chain: A laboratory investigation," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 48(4), pages 781-794.
    7. Wang, Xun & Disney, Stephen M., 2016. "The bullwhip effect: Progress, trends and directions," European Journal of Operational Research, Elsevier, vol. 250(3), pages 691-701.
    8. Chatfield, Dean C. & Pritchard, Alan M., 2013. "Returns and the bullwhip effect," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 49(1), pages 159-175.
    9. Strohhecker, Jürgen & Größler, Andreas, 2013. "Do personal traits influence inventory management performance?—The case of intelligence, personality, interest and knowledge," International Journal of Production Economics, Elsevier, vol. 142(1), pages 37-50.
    10. de Lima, Daruichi Pereira & Fioriolli, José Carlos & Padula, Antonio Domingos & Pumi, Guilherme, 2018. "The impact of Chinese imports of soybean on port infrastructure in Brazil: A study based on the concept of the “Bullwhip Effect”," Journal of Commodity Markets, Elsevier, vol. 9(C), pages 55-76.
    11. Dominguez, Roberto & Cannella, Salvatore & Framinan, Jose M., 2015. "On returns and network configuration in supply chain dynamics," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 73(C), pages 152-167.
    12. Özalp Özer & Yanchong Zheng & Yufei Ren, 2014. "Trust, Trustworthiness, and Information Sharing in Supply Chains Bridging China and the United States," Management Science, INFORMS, vol. 60(10), pages 2435-2460, October.
    13. Rosa Hendijani, 2021. "Analytical thinking, Little's Law understanding, and stock‐flow performance: two empirical studies," System Dynamics Review, System Dynamics Society, vol. 37(2-3), pages 99-125, April.
    14. Paulo Gonçalves & Mohammad Moshtari, 2021. "The impact of information visibility on ordering dynamics in a supply chain: a behavioral perspective," System Dynamics Review, System Dynamics Society, vol. 37(2-3), pages 126-154, April.
    15. Cannella, Salvatore & Framinan, Jose M. & Bruccoleri, Manfredi & Barbosa-Póvoa, Ana Paula & Relvas, Susana, 2015. "The effect of Inventory Record Inaccuracy in Information Exchange Supply Chains," European Journal of Operational Research, Elsevier, vol. 243(1), pages 120-129.
    16. Ojha, Divesh & Sahin, Funda & Shockley, Jeff & Sridharan, Sri V., 2019. "Is there a performance tradeoff in managing order fulfillment and the bullwhip effect in supply chains? The role of information sharing and information type," International Journal of Production Economics, Elsevier, vol. 208(C), pages 529-543.
    17. Xuanming Su, 2008. "Bounded Rationality in Newsvendor Models," Manufacturing & Service Operations Management, INFORMS, vol. 10(4), pages 566-589, May.
    18. Sodhi, ManMohan S. & Tang, Christopher S., 2011. "The incremental bullwhip effect of operational deviations in an arborescent supply chain with requirements planning," European Journal of Operational Research, Elsevier, vol. 215(2), pages 374-382, December.
    19. Manuel Brauch & Andreas Größler, 2022. "Holistic versus analytic thinking orientation and its relationship to the bullwhip effect," System Dynamics Review, System Dynamics Society, vol. 38(2), pages 121-134, April.
    20. Ponte, Borja & Puche, Julio & Rosillo, Rafael & de la Fuente, David, 2020. "The effects of quantity discounts on supply chain performance: Looking through the Bullwhip lens," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 143(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:popmgt:v:24:y:2015:i:8:p:1216-1234. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1937-5956 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.