Stochastic Optimization Methods For Supply Chains With Perishable Products
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Stochastic optimization methods for supply chains with perishable products
Author: Michael A. Völkel
language: en
Publisher: Logos Verlag Berlin GmbH
Release Date: 2020-07-03
This book deals with inventory systems in supply chains that face risks that could render products unsalable. These risks include possible cooling system failures, transportation risks, packaging errors, handling errors, or natural quality deterioration over time like spoilage of food or blood products. Classical supply chain inventory models do not regard these risks. This thesis introduces novel cost models that consider these risks. It also analyzes how real-time tracking with RFID sensors and smart containers can contribute to decision making. To solve these cost models, this work presents new solution methods based on dynamic programming. In extensive computational studies both with experimental as well as real-life data from large players in the retailer industry, the solution methods prove to lead to substantially lower costs than existing solution methods and heuristics.
Supply Chain Optimization, Management and Integration: Emerging Applications
Our rapidly changing world has forced business practitioners, in corporation with academic researchers, to respond quickly and develop effective solution methodologies and techniques to handle new challenges in supply chain systems. Supply Chain Optimization, Management and Integration: Emerging Applications presents readers with a rich collection of ideas from researchers who are bridging the gap between the latest in information technology and supply chain management. This book includes theoretical, analytical, and empirical research, comprehensive reviews of relevant research, and case studies of effective applications in the field of SCM. The use of new technologies, methods, and techniques are emphasized by those who have worked with supply chain management across the world for those in the field of information systems.
Urban Governance
This book offers a comprehensive exploration of the latest advancements in sustainable and resilient supply chain management. The chapters in this volume present a diverse range of topics, including innovative strategies for optimizing sustainable food supply chains through data envelopment analysis, dynamic multi-modal perspectives on global supply chain network configuration, and robust data-driven optimization techniques for designing sustainable cold supply chains for livestock and perishable goods. Other chapters delve into key areas such as optimal pricing and production lot size strategies for sustainable inventory models, carbon-sensitive transport solutions for deteriorating supply chains, and trade credit policies in growing product supply chains. Additionally, the book addresses the complexities of inventory management, purchasing, and cutting policies for imperfect and perishable raw materials, the influence of supply chain finance and trade digitization on financial stability, and the development of heuristic master planning algorithms that prioritize fairness and flexibility. Further studies examine adaptive product changeover policies, a PDCA-based approach to evaluating green supply chain performance, and robust multi-criteria decision analysis techniques for selecting transportation service providers in the face of uncertainty. By offering insights into both theoretical and practical aspects, this book provides a valuable resource for researchers, practitioners, and policymakers looking to navigate the evolving landscape of sustainable supply chains. This book will be valuable to students, researchers and policymakers in the fields of supply chain management, sustainable logistics and operations research. The chapters in this book were originally published in International Journal of Management Science and Engineering Management.