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Title: | Inventory planning for a multi-echelon supply chain |
Authors: | Routroy, Srikanta |
Keywords: | Mechanical Engineering Supply chains Inventory planning Differential evolution algorithms Multi-echelon inventory modeling Operational research |
Issue Date: | Mar-2007 |
Publisher: | Inder Science |
Abstract: | Inventory planning is the significant operational issue in supply chain management. In this paper, a mathematical model is developed for multi-echelon supply chain inventory planning to determine ordering/production quantity and reorder point while minimising the Total Supply Chain Cost (TSCC) (i.e., supply chain inventory capital, supply chain ordering/set-up cost and supply chain inventory stock out cost). Differential Evolution algorithm is used for multi-echelon supply chain inventory planning. One case situation is elucidated in order to reinforce the salient features of the concept. A sensitivity analysis is also carried out to show the effect of input parameters on the TSCC. |
URI: | https://www.inderscienceonline.com/doi/abs/10.1504/IJOR.2007.012853 http://dspace.bits-pilani.ac.in:8080/xmlui/handle/123456789/11539 |
Appears in Collections: | Department of Mechanical engineering |
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