DocumentCode
1129061
Title
A hybrid approach to designing inbound-resupply strategies
Author
Dullaert, Wout ; Vernimmen, Bert ; Raa, Birger ; Witlox, Frank
Author_Institution
Antwerp Univ., Belgium
Volume
20
Issue
4
fYear
2005
Firstpage
31
Lastpage
35
Abstract
We model the behavior of the demand distribution and lead-time distribution separately and determine the value of demand during lead time by discrete-event simulation. A new methodology determines the optimal inbound-resupply strategy when suppliers ship goods to receivers. An evolutionary metaheuristic uses discrete-event simulation to calculate safety stock levels and minimize total logistics costs.
Keywords
discrete event simulation; evolutionary computation; goods distribution; inventory management; logistics; stock control; demand distribution; discrete-event simulation; evolutionary metaheuristic method; lead-time distribution; logistics; optimal inbound-resupply strategy; Costs; Discrete event simulation; Gaussian distribution; Logistics; Manufacturing; Marine vehicles; Marketing and sales; Safety; Stochastic processes; Transportation; evolutionary algorithm; metaheuristics; order splitting; simulation; total logistics costs;
fLanguage
English
Journal_Title
Intelligent Systems, IEEE
Publisher
ieee
ISSN
1541-1672
Type
jour
DOI
10.1109/MIS.2005.60
Filename
1492314
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