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In this paper, we propose a coordinated single-vendor multi-buyer supply chain model by synchronizing delivery and production cycles with trade credit option. The synchronization is achieved by scheduling the actual delivery days of the buyers and coordinating it with the vendor's production cycle. It can be shown that the synchronized cycles policy works better, in terms of total system costs, than...
This paper describes a simulation model of a multiechelon inventory cost optimization problem using Arena. The problem to minimize the total inventory cost throughout the system while satisfying end-customer service-level requirements is analyzed in detail by the simulation. There are three retailers, a distribution center and a manufacturer in the multi-echelon inventory system. Each member follows...
With the economic crisis background, the maintenance function has evolved from being centered on short term questions such as the use of resources and allocation of costs to strategic considerations such as asset profit enhancement and fast response to the market demand. In this paper, our objective is to jointly optimize the maintenance of a capacity-constrained node, it's feed node and inlet buffer...
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