Abstract
Supply chain optimization usually involves multiple objectives. In this paper, supply chains are optimized with a multi-objective optimization approach based on genetic algorithm and simulation model. The supply chains are first modeled as batch deterministic and stochastic Petri nets, and a simulation-based optimization method is developed for inventory policies of the supply chains with a multi-objective optimization approach as its search engine. In this method, the performance of a supply chain is evaluated by simulating its Petri net model, and a Non dominated Sorting Genetic Algorithm (NSGA2) is used to guide the optimization search process towards global optima. An application to a real-life supply chain demonstrates that our approach can obtain inventory policies better than ones currently used in practice in terms of two objectives: inventory cost and service level.
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Amodeo, L., Chen, H., El Hadji, A. (2007). Multi-objective Supply Chain Optimization: An Industrial Case Study. In: Giacobini, M. (eds) Applications of Evolutionary Computing. EvoWorkshops 2007. Lecture Notes in Computer Science, vol 4448. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-71805-5_79
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DOI: https://doi.org/10.1007/978-3-540-71805-5_79
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-71804-8
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