Optimization of order policies in supply networks

The purpose of this paper is to develop a model which allows for the study and optimization of arbitrarily complex supply networks, including order policies and money flows. We propose a mathematical description that captures the dynamic behavior of the system by a coupled system of ordinary differe...

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Bibliographic Details
Published in:European journal of operational research 2010-04, Vol.202 (2), p.456-465
Main Authors: Göttlich, S., Herty, M., Ringhofer, C.
Format: Article
Language:English
Subjects:
Applied sciences
Combinatorial optimization
Exact sciences and technology
Flows in networks. Combinatorial problems
Integer programming
Logistics
Mathematical programming
Network flows
Operational research and scientific management
Operational research. Management science
Optimization
Ordinary differential equations
Policy models
Policy models Production lines Combinatorial optimization Network flows
Production lines
Studies
Supply chains
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Summary:The purpose of this paper is to develop a model which allows for the study and optimization of arbitrarily complex supply networks, including order policies and money flows. We propose a mathematical description that captures the dynamic behavior of the system by a coupled system of ordinary differential delay equations. The underlying optimization problem is solved using discretization techniques yielding a mixed-integer programming problem.
ISSN:0377-2217
1872-6860
DOI:10.1016/j.ejor.2009.05.028