Target-Oriented Compromised Sales and Profit Approach for Production and Distribution Planning in a Supply Chain

Supanat Sukviboon and Pisal Yenradee
Additional contact information
Supanat Sukviboon: Sirindhorn International Institute of Technology, Thammasat University, Thailand
Pisal Yenradee: Sirindhorn International Institute of Technology, Thammasat University, Thailand

International Journal of Knowledge and Systems Science (IJKSS), 2023, vol. 14, issue 1, 1-23

Abstract: This paper aims to determine optimal aggregate production and distribution plans in a supply chain system that simultaneously achieve two business targets of total profit and total sales, with uncertain parameters, e.g., production rate during regular time and overtime, inventory holding costs for a manufacturer and distribution centers, and transportation cost. A fuzzy multi-objective linear programming (FMOLP) model is developed to represent the planning problem. The proposed method that minimizes maximum deviation from satisfaction targets of fuzzy profits and sales is more effective, compared with the method that maximizes minimum satisfaction of fuzzy profits and sale, to determine various compromised solutions, which are Pareto-optimal, and to allow a planner to select the most desirable solution based on his/her opinion. This paper has made a significant contribution since it is the first one that proposes the FMOLP approach to determine compromised solutions with two target-based objectives of simultaneously achieving total fuzzy profit targets and total sales target.

Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://services.igi-global.com/resolvedoi/resolve.aspx?doi=10.4018/IJKSS.322302 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:igg:jkss00:v:14:y:2023:i:1:p:1-23

Access Statistics for this article

International Journal of Knowledge and Systems Science (IJKSS) is currently edited by Van Nam Huynh

More articles in International Journal of Knowledge and Systems Science (IJKSS) from IGI Global
Bibliographic data for series maintained by Journal Editor ().