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.

Speaker Biography: All degrees (BSc, MSc, PhD) of Hakan Yasarcan are in Industrial Engineering. After receiving his PhD degree from  Bogazici University, Istanbul-Turkey, in 2003, he worked as a faculty member in Cyprus. Later, in 2006, he was hired as an expert in System Dynamics by the Accelerated Learning Laboratory, The University of New South Wales, Sydney-Australia, where he worked as a post doctoral research fellow for three years. He is currently a faculty at the Industrial Engineering Department - Bogazici University and visiting faculty at the Department of Bioinformatics and Genetics - Kadir Has University. He has a number of publications on generalized stock control formulations, dynamic goal management, interactive simulation games, and dynamic decision making. Website: https://goo.gl/lL055f

Webpage: http://www.ie.boun.edu.tr/?q=faculty/hakan-ya%C5%9Farcan-0

https://scholar.google.com/citations?user=-xqsMsAAAAAJ&hl=en