A hybrid bi-objective optimization approach for joint determination of safety stock and safety time buffers in multi-item single-stage industrial supply chains
Computers & Industrial Engineering(2022)
摘要
•Safety stock and safety time inventory buffers are jointly optimized.•Inventory holding costs are minimized while maximizing service level.•A decision support system is implemented in a major automotive electronics company.•The practical applicability of our approach is demonstrated on real-world data.
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关键词
Safety stock,Safety time,Multi-objective optimization,Decision support
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