Modeling and optimizing of joint inventory in supply chain management

Authors:
Min Lu;Haibo Zhao
Affiliations:
Lishui College, Lishui, Zhejiang Province, China;Lishui College, Lishui, Zhejiang Province, China
Venue:
Transactions on edutainment V
Year:
2011

Citing 1
Cited 1

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Transactions on Edutainment IX

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Abstract

Supply Chain Management is a key factor of enhancing competitiveness and achieving success in an enterprise. And inventory control is an important content in this management. In this study, we studied on the new inventory management methodJoint Inventory Management. A model of Joint Inventory for manufacturing and marketing is established. Then Genetic Algorithms is employed to optimize the model. Finally the new method is used in an enterprise.