Applying digital twins for inventory and cash management in supply chains under physical and financial disruptions
نویسندگان
چکیده
Supply chains (SCs) operate in a highly disruptive environment, where they face variety of disruptions product and cash flows. In such an determining suitable inventory replenishment policies ensures that are at the right place time provides productive SC with high customer service levels. this study, we first examine impact physical financial flows on performance. We then, investigate potential digital twin framework to help decision-makers managing throughout during disruption, currently absent from literature. The proposed integrates machine learning (ML) simulation identify minimise This approach proves effective disrupted by demand increase, capacity reduction, credit purchase increase. Results show employing leads noticeable reduction conversion cycle for upstream members SCs. observe is greatly impacted policy employed their immediate downstream members.
منابع مشابه
Inventory Management Under Random Supply Disruptions and Partial Backorders
We explore the management of inventory for stochastic-demand systems, where the product’s supply is randomly disrupted for periods of random duration, and demands that arrive when the inventory system is temporarily out of stock become a mix of backorders and lost sales. The stock is managed according to the following modified (s , S) policy: If the inventory level is at or below s and the supp...
متن کاملIntegrating Inventory Replenishment and Cash Payment Decisions in Supply Chains
The recent nancial crisis demonstrates that an upstream member in a supply chain usually has a weaker cash liquidity. Cash shortage a ects material supply to a downstream member, which, in turn, a ects the performance of the entire chain. This paper provides a supply chain model that integrates material and cash ows and investigates the impact of payment policies on the system performance. Spec...
متن کاملPerformance of inventory management policies under supply disruptions and partial-backordering
In this paper the risk of supply chain disruptions is investigated in relations to different policies of inventory replenishment. The increasing attention to this issue in the academic and business, has strongly motivated the development of this work, above all to obtain analysis of costs in terms of distributions and variability. The goal is to enrich literature in constant growth and allow co...
متن کاملManaging Disruptions to Supply Chains
For as long as there have been supply chains, there have been disruptions, and no supply chain, logistics system, or infrastructure network is immune to them. Nevertheless, supply-chain disruptions have only recently begun to receive significant attention from practitioners and researchers. One reason for this growing interest is the spate of recent high-profile disruptions, such as September 1...
متن کاملHow Probability Weighting Affects Inventory Management with Supply Disruptions
There are many evidences that people tend to overweight low-probability events and underweight highprobability events. This risk attitude is generally expressed as an inverse-S shaped weighting function. This paper considers a risk-averse inventory manager who operates a continuous-review inventory system subject to supply disruption risk. Both Zero-Inventory-Order (ZIO) and Non-ZIO policies ar...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Journal of Production Research
سال: 2022
ISSN: ['1366-588X', '0020-7543']
DOI: https://doi.org/10.1080/00207543.2022.2093682