DocumentCode :
677737
Title :
Revenue and production management in a multi-echelon supply chain
Author :
Kabirian, Alireza ; Sarfaraz, Ahmad ; Rajai, Mark
Author_Institution :
Dept. of Manuf. Syst. Eng. & Manage., California State Univ. - Northridge, Northridge, CA, USA
fYear :
2013
fDate :
8-11 Dec. 2013
Firstpage :
3330
Lastpage :
3339
Abstract :
This paper models a supply chain problem and employs simulation-based optimization to analyze it. The model represents a manufacturer of multiple products from multiple raw materials that has control over the price of the products. The decisions to be optimized in the model are ordering policies of raw materials, inventory control of finished goods, manufacturing capacity of each product, and prices set on the products. The uncertainties involved are lead times of ordering inventory and the demand of the products. We consider the case of periodic review of raw materials and finished goods inventories on discrete time. The objective is to find the best configuration of the system to maximize profit. We show how simulation-based optimization could find the best configuration through an example.
Keywords :
finished goods inventory; optimisation; pricing; profitability; raw materials; simulation; stock control; supply chain management; finished goods inventory control; multiechelon supply chain; ordering inventory lead times; product demand; product manufacturing capacity; product price; production management; profit maximization; raw materials; revenue management; simulation-based optimization; Analytical models; Optimization; Production systems; Raw materials; Supply chains;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Simulation Conference (WSC), 2013 Winter
Conference_Location :
Washington, DC
Print_ISBN :
978-1-4799-2077-8
Type :
conf
DOI :
10.1109/WSC.2013.6721697
Filename :
6721697
Link To Document :
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