Multi-objective inventory optimization problem for a sustainable food supply network under lateral inventory share policy

Banu Y. Ekren; Ritwika Chattopadhyay; Vikas Kumar

doi:10.1016/j.ifacol.2022.09.663

Multi-objective inventory optimization problem for a sustainable food supply network under lateral inventory share policy

Banu Y. Ekren^*
, Ritwika Chattopadhyay
, Vikas Kumar

^*Corresponding author for this work

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Abstract

This study dives deep into a lateral supply chain network for perishable food products and aims to determine optimal re-order and order up to levels for multiple e-groceries within a common network using a simulation-based optimization technique. The algorithm aims to minimize the average inventory carried within the network while accounting for parameters like reduced wastage, improved customer satisfaction level, and a limited number of replenishments.

Original language	English
Pages (from-to)	1822-1827
Number of pages	6
Journal	IFAC-PapersOnLine
Volume	55
Issue number	10
DOIs	https://doi.org/10.1016/j.ifacol.2022.09.663
Publication status	Published - 26 Oct 2022
Event	10th IFAC Conference on Manufacturing Modelling, Management and Control, MIM 2022 - Nantes, France Duration: 22 Jun 2022 → 24 Jun 2022

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 12 Responsible Consumption and Production

Keywords

food supply chain
heuristic optimization
Lateral inventory share
s
S inventory

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10.1016/j.ifacol.2022.09.663

1-s2.0-S2405896322019814-mainFinal published version, 732 KBLicence: CC BY-NC-ND

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Multi-objective inventory optimization problem for a sustainable food supply network under lateral inventory share policy

Abstract

UN SDGs

Keywords

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