Minimisation of the total operating cost by using supply chain optimisation model (COSCOM)

C. Sowmya Danalakshmi, G. Mohan Kumar and M. Gopalan

International Journal of Logistics Economics and Globalisation, 2012, vol. 4, issue 1/2, 76-98

Abstract: Supply chain management is an important management paradigm as it helps to develop mechanisms, align their objectives and coordinate their activities to optimise system performance. Enterprises today have realised the importance of supply chain management to achieve operational efficiency and product quality. Here, the total operating cost of an organisation is reduced by optimisation considering various constraints through generic model validation. The stages of the supply chain network are suppliers, plants, distribution centres and retailers. The optimal solution is obtained by using genetic algorithm and particle swarm optimisation techniques. Then, the results were compared, monitored and are submitted to variation with real-time environment.

Keywords: generic modelling; supply chain management; SCM; suppliers; manufacturers; supply chain networks; total operating costs; non-traditional techniques; cost minimisation; supply chain optimisation; genetic algorithms; particle swarm optimisation; PSO. (search for similar items in EconPapers)
Date: 2012
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