G-networks and the optimization of supply chains

DOI10.1017/S0269964819000123zbMATH Open1486.90025arXiv1903.10691WikidataQ128091843 ScholiaQ128091843MaRDI QIDQ5070879FDOQ5070879

Authors: Yi Wang 

Publication date: 14 April 2022

Published in: Probability in the Engineering and Informational Sciences (Search for Journal in Brave)

Abstract: Supply chains are fundamental to the economy of the world and many supply chains focus on perishable items, such as food, or even clothing that is subject to a limited shelf life due to fashion and seasonable effects. G-networks have not been previously applied to this important area. Thus in this paper, we apply G-networks to supply chain systems and investigate an optimal order allocation problem for a N-node supply chain with perishable products that share the same order source of fresh products. The objective is to find an optimal order allocation strategy to minimize the purchase price per object from the perspective of the customers. An analytical solution based on G-networks with batch removal, together with optimization methods are shown to produce the desired results. The results are illustrated by a numerical example with realistic parameters.

Full work available at URL: https://arxiv.org/abs/1903.10691

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zbMATH Keywords

optimizationLagrange multipliersanalytical solutionsupply chainsperishable itemsG-networks with batch removal

Mathematics Subject Classification ID

Queues and service in operations research (90B22) Queueing theory (aspects of probability theory) (60K25) Applications of queueing theory (congestion, allocation, storage, traffic, etc.) (60K30) Inventory, storage, reservoirs (90B05) Network design and communication in computer systems (68M10)

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Cited In (2)

• Network optimization in supply chain management and financial engineering: An annotated bibliography
• Networks against time. Supply chain analytics for perishable products

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