A hybrid bi-objective optimization approach for joint determination of safety stock and safety time buffers in multi-item single-stage industrial supply chains.
Pedro Mimoso SilvaJoão N. C. GonçalvesTiago M. MartinsLuís C. MarquesMiguel OliveiraMarcelo I. ReisLuís AraújoDaniela CorreiaJosé TelhadaLino A. CostaJoão M. FernandesPublished in: Comput. Ind. Eng. (2022)
Keyphrases
- safety stock
- single stage
- multi item
- supply chain
- inventory systems
- lead time
- lot sizing
- inventory policy
- lost sales
- setup cost
- inventory management
- multistage
- holding cost
- periodic review
- total cost
- service level
- supply chain management
- bullwhip effect
- production system
- single item
- inventory control
- customer demand
- inventory models
- stochastic optimization
- production cost
- robust optimization
- decision making
- combinatorial auctions
- inventory level
- stochastic demand
- optimal solution
- graphical models
- fixed cost
- planning horizon