Inventory planning for a multi-echelon supply chain (Q2474681): Difference between revisions
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Latest revision as of 10:01, 30 July 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Inventory planning for a multi-echelon supply chain |
scientific article |
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Inventory planning for a multi-echelon supply chain (English)
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6 March 2008
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Summary: 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.
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supply chain
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inventory planning
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differential evolution algorithm
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DE
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