Multi-echelon supply chain inventory planning with demand and leadtime uncertainty (Q840591): Difference between revisions

Summary: 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 the 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.