Multi-objective inventory optimization problem for a sustainable food supply network under lateral inventory share policy

Date

2022-10-26

Supervisor/s

Journal Title

Journal ISSN

Volume Title

Publisher

Elsevier

Department

Type

Article

ISSN

2405-8963

Format

Free to read from

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

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Relationships

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Funder/s