Material management in decentralized supply chains
Operations Research
Proceedings of the 31st conference on Winter simulation: Simulation---a bridge to the future - Volume 2
Swarm intelligence
Comparison between Genetic Algorithms and Particle Swarm Optimization
EP '98 Proceedings of the 7th International Conference on Evolutionary Programming VII
Proceedings of the 35th conference on Winter simulation: driving innovation
Designing And Managing The Supply Chain
Designing And Managing The Supply Chain
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Network modelling becomes more complex as the dimensions and scope of the supply chain expand. Uncertainties in the supply chain usually increase the variance of profit or cost to the company, increasing the likelihood of total supply chain cost. Demand uncertainty and constraints posed by every echelon are important factors to be considered in the supply chain design operations. This paper specifically deals with the modelling and optimisation of a three echelon supply chain network using new optimisation tool, the particle swarm optimisation algorithm, which acts as collaborative design and manufacturing and distribution optimisation tool and essentially involves decision-making processes that require rigorous evaluation, comparison and selection of design and manufacturing solution alternatives and optimisation from a global perspective. Increasing design and manufacturing and distribution knowledge and supporting better collaborations among supply chain agents/partners to make intelligent decisions can result in higher profits to the organisations.