Multi-objective inventory optimization problem for a sustainable food supply network under lateral inventory share policy
Date published
2022-10-26
Free to read from
Supervisor/s
Journal Title
Journal ISSN
Volume Title
Publisher
Elsevier
Department
Type
Article
ISSN
2405-8963
Format
Citation
Ekren BY, Chattopadhyay R, Kumar V. (2022) Multi-objective inventory optimization problem for a sustainable food supply network under lateral inventory share policy. IFAC-PapersOnLine, Volume 55, Issue 10, October 2022, pp. 1822-1827
Abstract
This study dives deep into a lateral supply chain network for perishable food products and aims to determine optimal re-order and order up to levels for multiple e-groceries within a common network using a simulation-based optimization technique. The algorithm aims to minimize the average inventory carried within the network while accounting for parameters like reduced wastage, improved customer satisfaction level, and a limited number of replenishments.
Description
Software Description
Software Language
Github
Keywords
Lateral inventory shares, inventory, food supply chain, heuristic optimization
DOI
Rights
Attribution-NonCommercial-NoDerivatives 4.0 International