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A hybrid approach to designing inbound-resupply strategies

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4 Author(s)
Dullaert, W. ; Antwerp Univ., Belgium ; Vernimmen, B. ; Raa, B. ; Witlox, F.

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.

Published in:

Intelligent Systems, IEEE  (Volume:20 ,  Issue: 4 )