Optimization of order policies in supply networks

The purpose of this paper is to develop a model which allows for the study and optimization of arbitrarily complex supply networks, including order policies and money flows. We propose a mathematical description that captures the dynamic behavior of the system by a coupled system of ordinary differential delay equations. The underlying optimization problem is solved using discretization techniques yielding a mixed-integer programming problem.

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Year of publication:	2010
Authors:	Göttlich, S. ; Herty, M. ; Ringhofer, C.
Published in:	European Journal of Operational Research. - Elsevier, ISSN 0377-2217. - Vol. 202.2010, 2, p. 456-465
Publisher:	Elsevier
Keywords:	Policy models Production lines Combinatorial optimization Network flows

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008483238