Decision of Lead-Time Compression and Stable Operation of Supply Chain

Songtao Zhang, Shuangshuang Li, Siqi Zhang and Min Zhang

Complexity, 2017, vol. 2017, 1-11

Abstract:

A cost optimization strategy and a robust control strategy were studied to realize the low-cost robust operation of the supply chain with lead times. Firstly, for the multiple production lead times which existed in the supply chain, a corresponding inventory state model and a supply chain cost model were constructed based on the Takagi-Sugeno fuzzy control system. Then, by considering the actual inventory level, the lead-time compression cost, and the stock-out cost, a cost optimization strategy was proposed. Furthermore, a fuzzy robust control strategy was proposed to realize the flexible switching among the models. Finally, the simulation results show that the total cost of the supply chain could be reduced effectively by the cost optimization strategy, and the stable operation of the supply chain could be realized by the proposed fuzzy robust control strategy.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:hin:complx:7436764

DOI: 10.1155/2017/7436764

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