A hybrid approach to designing inbound-resupply strategies

W Dullaert, B Raa, Bert Vernimmen, Frank Witlox

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

We model the behavior of the demand distribution and lead-time distribution separately and determine the value of demand during lead time by discrete-event simulation. A new methodology determines the optimal inbound-resupply strategy when suppliers ship goods to receivers. An evolutionary metaheuristic uses discrete-event simulation to calculate safety stock levels and minimize total logistics costs.

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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