A continuous review model for an inventory system with two supply modes
Management Science
Leadtime-Inventory Trade-Offs in Assemble-To-Order Systems
Operations Research
Computers and Operations Research
IEA/AIE '09 Proceedings of the 22nd International Conference on Industrial, Engineering and Other Applications of Applied Intelligent Systems: Next-Generation Applied Intelligence
Multi-criteria mathematical model for designing the distribution network of a consumer goods company
Computers and Industrial Engineering
Expert Systems with Applications: An International Journal
Integrated location-inventory retail supply chain design: a multi-objective evolutionary approach
SEAL'10 Proceedings of the 8th international conference on Simulated evolution and learning
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Inventory aggregation, also called Risk Pooling, is one of the most efficient ways to reduce the level of safety stocks thereby reducing inventory across the supply chain. Determining the best level of aggregation is a difficult problem and needs extensive study of all the possible scenarios that can affect this decision. Minimizing costs in a supply chain is no longer the sole priority of businesses. Maintaining a high level of responsiveness is also considered equally important. The conflicting nature of these two criteria makes the solution of the problem difficult. In this paper, we develop a bi-criteria nonlinear stochastic integer programming model to determine the best supply chain distribution network to meet customer demands, where minimizing costs while maintaining high levels of responsiveness is important. We develop a two-stage optimization algorithm to solve this problem.