Joint economic lot sizing problem for a three—Layer supply chain with stochastic demand

Hisham M. Abdelsalam and Magy M. Elassal

International Journal of Production Economics, 2014, vol. 155, issue C, 272-283

Abstract: This paper considers the joint economic lot-sizing problem (JELP) for multi-layer supply chain with multi-retailers and single manufacturer and supplier. The paper extends the work of (Ben-Daya et al., 2013) and relaxes the assumption of deterministic demand and constant holding and ordering costs. The paper proposes modifying four computational intelligent algorithms to solve mixed integer problems and compares their performance for solving the problem at hand. The paper, further, compares between adopting a centralized safety stock policy versus a decentralized policy. Results showed cuckoo search to outperform other tested algorithms and, also, favored adopting a centralized policy.

Keywords: Charged system search; Cuckoo search; Gravitational search algorithm; Joint economic lot sizing; Particle swarm optimization; Production planning; Stochastic optimization; Supply chain coordination (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:proeco:v:155:y:2014:i:c:p:272-283

DOI: 10.1016/j.ijpe.2014.01.015

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