A multi-period and multi-product optimizer for cooperative supply chains
South African Journal of Business Management
| Field | Value | |
| Title | A multi-period and multi-product optimizer for cooperative supply chains | |
| Creator | Sepehri, M. Fayazbakhsh, K. | |
| Description | Members in a traditional supply chain compete to reduce their individual costs. But total cost is minimized in a cooperative, or a corporate managed, supply chain. A lower average cost and a lower cost variation are achieved by cooperative individual members in the long-run. The problem is formulated and solved as an integrated flow network. Previous research is expanded to include multi-period and multi-product cooperative supply chain with possibility of holding inventory in a multi-stage, multi-member setup. A Cooperative Supply Optimizer System (CSOS), a software-based coordination mechanism, is developed for large chains. It gathers operational information from members of the supply chain, and then guides them on ordering decisions for a minimum cost of the entire supply chain. Simulation results indicate an approximately 26% reduction in total supply chain costs, utilizing this formulation over a competitive setup. As the holding costs increase, the problem decomposes into single period (Just-in-time) again. The disturbing bullwhip effect disappears in cooperative supply chains. | |
| Publisher | AOSIS | |
| Date | 2012-03-31 | |
| Identifier | 10.4102/sajbm.v43i1.178 | |
| Source | South African Journal of Business Management; Vol 43, No 1 (2012); 77-92 2078-5976 2078-5585 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajbm.org/index.php/sajbm/article/view/178/185
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