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Multi-echelon Inventory Optimization of Spare Parts considering Cross-region Transshipment and Changing Demand | IEEE Conference Publication | IEEE Xplore

Multi-echelon Inventory Optimization of Spare Parts considering Cross-region Transshipment and Changing Demand


Abstract:

This paper investigates the inventory policies of a multi-echelon inventory network consisting of one central warehouse, three second-echelon warehouses, and six third-ec...Show More

Abstract:

This paper investigates the inventory policies of a multi-echelon inventory network consisting of one central warehouse, three second-echelon warehouses, and six third-echelon warehouses. The operation process of the inventory network is translated into a computerized simulation model. Cross-region transshipment policy under the threshold of transshipment limitation and the dynamic reorder points in response to changing demand are considered in the simulation model. Genetic algorithm is used to minimize the total cost of the inventory network. Finally, numerical examples are illustrated to prove the superiority of the optimal policy.
Date of Conference: 16-18 October 2020
Date Added to IEEE Xplore: 18 December 2020
ISBN Information:
Conference Location: Shanghai, China

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