A hybrid approach to designing inbound-resupply strategies |
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| Authors: | Dullaert W Vernimmen B Raa B Witlox F |
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| Affiliation: | Antwerp Univ., Belgium; |
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| Abstract: | 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. |
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