A hybrid approach to designing inbound-resupply strategies

Wout Dullaert, Bert Vernimmen, Birger Raa, Frank Witlox

Research output: Contribution to JournalReview articleAcademicpeer-review

Abstract

A new hybrid approach was developed to determine the optimal inbound-resupply strategy when suppliers ship goods to receivers. The optimal reorder level was calculated on the basis of a simulation of the distribution of demand and the lead time of the various sourcing alternatives. An evolutionary metaheuristic uses discrete-event simulation to calculate safety stock levels and minimize total logistics. By integrating discrete event simulation within an evolutionary metaheuristic, a receiver can avoid rigid assumptions on the demand and lead-time distributions to better determine the reorder point for inbound-resupply strategies.

Original languageEnglish
Pages (from-to)31-35
Number of pages5
JournalIEEE Intelligent Systems
Volume20
Issue number4
DOIs
Publication statusPublished - Jul 2005

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Discrete event simulation
Logistics
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Dullaert, Wout ; Vernimmen, Bert ; Raa, Birger ; Witlox, Frank. / A hybrid approach to designing inbound-resupply strategies. In: IEEE Intelligent Systems. 2005 ; Vol. 20, No. 4. pp. 31-35.
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A hybrid approach to designing inbound-resupply strategies. / Dullaert, Wout; Vernimmen, Bert; Raa, Birger; Witlox, Frank.

In: IEEE Intelligent Systems, Vol. 20, No. 4, 07.2005, p. 31-35.

Research output: Contribution to JournalReview articleAcademicpeer-review

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