A multi supplier lot sizing strategy using dynamic programming

A Multi-objective Mathematical Model for Sustainable Supplier Selection and Order Lot-Sizing under Inflation

Recently, scholars and practitioners have shown an increased interest in the field of sustainable supplier selection and order lot-sizing. While several studies have recently carried out on this field, far too little attention has been given to formulating a multi-objective model for the integrated problem of multi-period multi-product order lot-sizing and sustainable supplier selection under i...

Inventory lot-sizing with supplier selection

This paper presents a multi-period inventory lot-sizing scenario, where there are multiple products and multiple suppliers. We consider a situation where the demand of multiple discrete products is known over a planning horizon. Each of these products can be sourced from a set of approved suppliers, a supplier-dependent transaction cost applying for each period in which an order is placed on a ...

Inventory lot-sizing with supplier selection using hybrid intelligent algorithm

In supply chain management (SCM), multi-product and multi-period models are usually used to select the suppliers. In the real world of SCM, however, there are normally several echelons which need to be integrated into inventory management. This paper presents a hybrid intelligent algorithm, based on the push SCM, which uses a fuzzy neural network and a genetic algorithm to forecast the rate of ...

A Multi-Stage Single-Machine Replacement Strategy Using Stochastic Dynamic Programming

In this paper, the single machine replacement problem is being modeled into the frameworks of stochastic dynamic programming and control threshold policy, where some properties of the optimal values of the control thresholds are derived. Using these properties and by minimizing a cost function, the optimal values of two control thresholds for the time between productions of two successive nonco...

A Dynamic Multi-Plant Lot-Sizing and Distribution Problem