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Title: | Multi-echelon Supply Chain Inventory Planning with demand and leadtime uncertainty |
Authors: | Routroy, Srikanta |
Keywords: | Mechanical Engineering Differential evolution strategy Supply chain inventory planning Supply Chain Management |
Issue Date: | May-2009 |
Publisher: | Inder Science |
Abstract: | The paper discusses a generic model for Multi-echelon Supply Chain Inventory Planning (MSCIP) with demand and leadtime uncertanity considering the Total Supply Chain (TSC) cost, which consists of Supply Chain Inventory Capital (SCIC), Supply Chain Ordering/set-up Cost (SCOC) and Supply Chain Stock-out Cost (SCSC) for a Maximum Allowable Supply Chain Inventory (MASCI). The Differential Evolution (DE/best/1/bin) strategy is used to solve MSCIP problem to determine ordering/production quantity and service level that should be maintained by each member of the supply chain. One case situation is elucidated to reinforce the salient features of the concept. A sensitivity analysis is carried out to know how the TSC is varying along MASCI in different environments. |
URI: | https://www.inderscienceonline.com/doi/abs/10.1504/IJOR.2009.025195 http://dspace.bits-pilani.ac.in:8080/xmlui/handle/123456789/11552 |
Appears in Collections: | Department of Mechanical engineering |
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