A hybrid approach to designing inbound-resupply strategies

W Dullaert; B Raa; Bert Vernimmen; Frank Witlox

doi:10.1109/MIS.2005.60

A hybrid approach to designing inbound-resupply strategies

W Dullaert, B Raa, Bert Vernimmen, Frank Witlox

Amsterdam Business Research Institute

Research output: Contribution to Journal › Article › Academic › peer-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 language	English
Pages (from-to)	31-35
Number of pages	5
Journal	IEEE Intelligent Systems
Volume	20
Issue number	4
DOIs	https://doi.org/10.1109/MIS.2005.60
Publication status	Published - Jul 2005

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title = "A hybrid approach to designing inbound-resupply strategies",

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.",

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A hybrid approach to designing inbound-resupply strategies

Abstract

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