Design and Application of Genetic Algorithm Based on Signal Game and Newsboy Model for Optimizing Supply Chain

Yue Zhao, Yang Shen, Jiaqi Yan and Daqing Gong

Discrete Dynamics in Nature and Society, 2021, vol. 2021, 1-9

Abstract: Reasonable communication and cooperation between enterprises are helpful for the efficient operation of a supply chain. To explore the maximum utility of an entire supply chain, we propose a supplier-manufacturer-seller supply-chain game decision-making model. We use the model as the fitness function of a genetic algorithm that calculates the optimal solution and optimizes the total utility parameters. We analyze the theoretical and practical properties of the supply-chain optimization process and implement it in MATLAB, which provides quantitative support and useful references for making business decisions and optimally managing a supply chain.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnddns:6144258

DOI: 10.1155/2021/6144258

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