Title of article
A Corporate Supply Optimizer with Flow Network
Author/Authors
Sepehri, M. sharif university of technology - Graduate School of Management, تهران, ايران , Fayazbakhsh, K. sharif university of technology - Graduate School of Management, تهران, ايران , Ghasemzadeh, F. sharif university of technology - Graduate School of Management, تهران, ايران
From page
70
To page
83
Abstract
A holding or a multi-business corporate seeks to coordinate its supply for minim.um. overall costs. A Corporate Supply Optimizer (CSO), as a central entity taking advantage of the notion of flow networks, gathers necessary operational information from members of the corporate supply chain. The CSO then guides supply chain members on ordering decisions for a minimum overall cost for the entire supply chain, its computational engine models the entire supply chain with multiple members in four- stages lo satisfy customer demand. The CSO seeks a solution with minimum total costs, unlike non-cooperative supply chains where individual members compete lo optimize their local costs. The existing literature stays with restrictive assumptions on the number of supply chain stages, disallowing a case of multiple products. Simulation results indicate an approximately 26% reduction in total costs of the supply chain utilizing the CSO.
Keywords
Corporate supply , Coordination mechanism , Flow network , Linear programming , Optimizer.
Journal title
Scientia Iranica(Transactions B:Mechanical Engineering)
Journal title
Scientia Iranica(Transactions B:Mechanical Engineering)
Record number
2718208
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