Multi-objective optimization of total cost, risk and business fulfillment of a real-world supply network

Dobrila Petrovic, Magdalena Kalata

    Research output: Chapter in Book/Report/Conference proceedingConference proceedingpeer-review

    Abstract

    The paper considers a complex real-world supply network with one manufacturer and 19 of first tier suppliers and demand for one end product. Uncertainties in supply delivery time and non-conformance of supplied components are modelled using fuzzy numbers. Uncertainty in supply is handled using safety stock and safety stock. A novel fuzzy, multi-objective optimization model for the supply network is developed. It includes three objectives: minimisation of the total supply network cost, minimisation of risk related to selected suppliers and maximization of fulfilment of the business strategy. Various experiments are carried out to demonstrate effectiveness of the proposed model.
    Original languageEnglish
    Title of host publicationJoining P&OM forces worldwide 
    Subtitle of host publicationpresent and future of operations management : proceedings
    Place of PublicationHavana, Cuba
    Publisher 5th World Production and Operations Management Conference, P&OM
    ISBN (Print)9789592615311
    Publication statusPublished - 2016
    Event5th World Conference on Production and Operations Management - Havana, Cuba
    Duration: 6 Sep 201610 Sep 2016

    Conference

    Conference5th World Conference on Production and Operations Management
    CountryCuba
    CityHavana
    Period6/09/1610/09/16

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