Abstract

In this work a multi-objective optimisation framework of genetic programming (GP) in the modelling of bullwhip effect and NSA for centralised and decentralised supply chain systems has been proposed. The individual and interactive effect of these four input factors has been investigated on bullwhip effect and NSA by adapting the parametric and sensitivity approach on the formulated models. The appropriate settings of dominant input factors (batch ordering and demand signal processing for a decentralised chain, demand signal processing and rationing shortage gaming for a centralised chain) are suggested to optimise the bullwhip effect and NSA of three-stage supply chain simultaneously. The implications and advantages of proposed optimisation framework will be useful for business practitioners to monitor and supervise the sudden demand amplification that generally faced by them in the supply chains.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.