The significance of the basic idea implicit in the moving horizon control (MHC) has been recognized a long time ago in the operations management literature as a tractable scheme for solving stochastic multi period optimization problems, such as production planning and supply chain management, under the term moving horizon. In this paper, a moving horizon controller with move suppression term us...

In classical transport models, it is always assumed that parameters such as the distance from each supply node to each demand node or the cost of transferring goods from one node to another, as well as quantities such as supply and demand are definite and definite amounts. But in real matters, considering these assumptions is not logical. On the other hand, there may be a real problem in mathem...

Demand forecasting is one of the important activities in a supply chain which provides all the supply chain planning processes with market information crucial for efficient supply chain management. Its performance is measured by forecasting error, which is defined using the difference between forecast and actual sales. In this paper, we classify the forecasting error types based on the cases th...

Introduction The supply chain along with its various entities and flows is very much related to the human body with the various entities like factories, retailers, etc similar to the various body parts. In the case of the supply chain, the flow of information and physical assets is similar to the flow of blood. A good IT enabled supply chain would be like the nervous system in the human body, w...

In this work, we propose extending the production planning decisions of a chemical process network to include optimal contract selection under uncertainty with suppliers and product selling price optimization. We use three quantity-based contract models: discount after a certain purchased amount, bulk discount, and fixed duration contracts. We propose the use of general regression models to des...