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Asset management involves the allocation of resources and capital in a supply chain such that the shareholder value is maximized. Supply chain redesign deals with investments, disinvestments and relocation of production facilities and distribution centers. Existing research has been focused on investments only. In this work, we present a novel mixed integer linear programming model that considers...
In this paper, we present how a solution framework developed for (a special case of) the multi-objective simulation-optimization problems can be applied to evaluate and optimally select the non-dominated set of inventory policies for two case study problems. Based on the concept of Pareto optimality, the solution framework mainly includes how to evaluate the quality of the selected Pareto set by two...
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