Dynamic Lot Optimization of Assembly Supply Chain with Delivery Time Constraint

Development of a novel lot sizing model with variable lead time in supply chain environment

Supply chain management (SCM) addresses the management of materials and information across the entire chain from suppliers to producers, distributors, retailers, and customer. The theory of supply chain management suggests that lead time reduction is a pioneer to the use of market mediation to reduce transaction uncertainty in the chain, which can be conceptualized as the primary goal of supply...

Making Optimal Decisions of Assembly Products in Supply Chain

The strategic pricing decisions of assembly products in assembly products supply chain are studied in this paper. Firstly, a two-stage assembly products supply chain model is developed. By building Nash game model, the Nash equilibrium solution of pricing strategy of supplier and assemblers is obtained. Next, a union decision model is built to analyze the optimal combination pricing strategy of...

Role of Time in Agile Supply Chain

Nowadays, in turbulent and violate global markets an Agile Supply Chain (ASC) network is frequently considered as a dominant competitive advantage for survival. To achieve the competitive advantage, companies must align with suppliers and customers to streamline operations, as well as agility beyond individual companies. There are many definitions and models about agile supply chain and most of...

Particle Swarm Optimization Model for Dynamic Supply Chain Inventory Optimization involving Lead Time

Efficient and effective management of inventory throughout the supply chain significantly improves the ultimate service provided to the customer. Efficient inventory management is a complex process which entails the management of the inventory in the entire supply chain and getting the final solution as optimal leading to minimum total supply chain cost. The dynamic nature of the excess stock l...

Supply chain optimisation with assembly line balancing