DocumentCode
2855630
Title
A new approach in supply chain modeling
Author
Pazoki, M. ; Ghomi, Seyyed Mohammad Taghi Fatemi ; Jolai, Fariborz
Author_Institution
Dept. of Ind. Eng., Amirkabir Univ. of Technol., Tehran, Iran
fYear
2011
fDate
6-9 Dec. 2011
Firstpage
955
Lastpage
958
Abstract
This paper introduces a new approach toward modeling supply chain. Instead of minimizing cost or maximizing benefit, we try to set the ratio of revenue to cost to a certain value and minimize cost in this condition, simultaneously. As this ratio is one of the decision criteria in economical engineering context, it may be attractive for industries to decide whether participate in this chain or not. An algorithm is proposed and tested to see whether this approach and this procedure work or not.
Keywords
cost reduction; decision making; supply chain management; cost minimization; decision criteria; economical engineering; revenue-cost ratio; supply chain modeling; Equations; Erbium; Genetic algorithms; Manufacturing; Mathematical model; Supply chains; Transportation; Supply chain modeling; revenue to cost;
fLanguage
English
Publisher
ieee
Conference_Titel
Industrial Engineering and Engineering Management (IEEM), 2011 IEEE International Conference on
Conference_Location
Singapore
ISSN
2157-3611
Print_ISBN
978-1-4577-0740-7
Electronic_ISBN
2157-3611
Type
conf
DOI
10.1109/IEEM.2011.6118057
Filename
6118057
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