Bullwhip dependency of participants' risk preferences in the supply chain

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 b...

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Main Authors: Panić Biljana V., Makajić-Nikolić Dragana D., Hadžiahmetović Maja D., Vujošević Mirko B.
Format: Article
Language:English
Published: Savez inženjera i tehničara Srbije 2017-01-01
Series:Tehnika
Subjects:
Online Access:http://scindeks-clanci.ceon.rs/data/pdf/0040-2176/2017/0040-21761703417P.pdf
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author Panić Biljana V.
Makajić-Nikolić Dragana D.
Hadžiahmetović Maja D.
Vujošević Mirko B.
author_facet Panić Biljana V.
Makajić-Nikolić Dragana D.
Hadžiahmetović Maja D.
Vujošević Mirko B.
author_sort Panić Biljana V.
collection DOAJ
description 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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2560-3086
language English
last_indexed 2024-04-12T01:09:53Z
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spelling doaj.art-603c336c7a884fd3913de0915065d6562022-12-22T03:54:09ZengSavez inženjera i tehničara SrbijeTehnika0040-21762560-30862017-01-0172341742110.5937/tehnika1703417P0040-21761703417PBullwhip dependency of participants' risk preferences in the supply chainPanić Biljana V.0Makajić-Nikolić Dragana D.1Hadžiahmetović Maja D.2Vujošević Mirko B.3University of Belgrade, Faculty of Organizational Sciences, Belgrade, SerbiaUniversity of Belgrade, Faculty of Organizational Sciences, Belgrade, SerbiaUniversity of Belgrade, Faculty of Organizational Sciences, Belgrade, SerbiaUniversity of Belgrade, Faculty of Organizational Sciences, Belgrade, SerbiaThis 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.http://scindeks-clanci.ceon.rs/data/pdf/0040-2176/2017/0040-21761703417P.pdfrisk preferencesbullwhip effectsupply chains
spellingShingle Panić Biljana V.
Makajić-Nikolić Dragana D.
Hadžiahmetović Maja D.
Vujošević Mirko B.
Bullwhip dependency of participants' risk preferences in the supply chain
Tehnika
risk preferences
bullwhip effect
supply chains
title Bullwhip dependency of participants' risk preferences in the supply chain
title_full Bullwhip dependency of participants' risk preferences in the supply chain
title_fullStr Bullwhip dependency of participants' risk preferences in the supply chain
title_full_unstemmed Bullwhip dependency of participants' risk preferences in the supply chain
title_short Bullwhip dependency of participants' risk preferences in the supply chain
title_sort bullwhip dependency of participants risk preferences in the supply chain
topic risk preferences
bullwhip effect
supply chains
url http://scindeks-clanci.ceon.rs/data/pdf/0040-2176/2017/0040-21761703417P.pdf
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AT makajicnikolicdraganad bullwhipdependencyofparticipantsriskpreferencesinthesupplychain
AT hadziahmetovicmajad bullwhipdependencyofparticipantsriskpreferencesinthesupplychain
AT vujosevicmirkob bullwhipdependencyofparticipantsriskpreferencesinthesupplychain