Stability of the supply chain using system dynamics simulation and the accumulated deviations from equilibrium

Authors:
Luis Rabelo;Alfonso T. Sarmiento;Albert Jones
Affiliations:
Department of Industrial Engineering and Management Systems, University of Central Florida, Orlando, FL;Department of Industrial Engineering and Management Systems, University of Central Florida, Orlando, FL;Manufacturing Systems Integration Division, National Institute of Standards and Technology, Gaithersburg, MD
Venue:
Modelling and Simulation in Engineering
Year:
2011

Citing 3
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Proceedings of the 46th Annual Southeast Regional Conference on XX

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Abstract

We propose and demonstrate a new methodology to stabilize systems with complex dynamics like the supply chain. This method is based on the accumulated deviations from equilibrium (ADE). It is most beneficial for controlling system dynamic models characterized by multiple types of delays, many interacting variables, and feedback processes. We employ the classical version of particle swarm optimization as the optimization approach due to its performance inmultidimensional space, stochastic properties, and global reach. We demonstrate the effectiveness of our method based on ADE using a manufacturing-supply-chain case study.