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What is the bullwhip effect and how does it relate to lack of coordination in the supply chain?
Budget Goal
A financial objective set during the budgeting process, aiming for specific income, expenditure, or savings targets over a period.
Straight Line Pay
Compensation structure where employees receive a fixed, regular payment or salary, typically without variation for actual hours worked or performance levels.
Managers' Incentives
Various forms of compensation and rewards designed to motivate managers to align their actions with the objectives of the owners or shareholders.
Perverse Incentive
An incentive that unintentionally encourages negative or undesired behaviors, leading to outcomes that are contrary to the initial intentions.
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