Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
6897758 | European Journal of Operational Research | 2013 | 27 Pages |
Abstract
This study investigates a two-echelon supply chain model for deteriorating inventory in which the retailer's warehouse has a limited capacity. The system includes one wholesaler and one retailer and aims to minimise the total cost. The demand rate in retailer is stock-dependent and in case of any shortages, the demand is partially backlogged. The warehouse capacity in the retailer (OW) is limited; therefore the retailer can rent a warehouse (RW) if needed with a higher cost compared to OW. The optimisation is done from both the wholesaler's and retailer's perspectives simultaneously. In order to solve the problem a genetic algorithm is devised. After developing a heuristic a numerical example together with sensitivity analysis are presented. Finally, some recommendations for future research are presented.
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Yousef Ghiami, Terry Williams, Yue Wu,