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

Directorate

Research output: Contribution to journal › Article › peer-review

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

Keywords

food supply chain
heuristic optimization
Lateral inventory share
s
S inventory

UN SDGs

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

Access to Document

10.1016/j.ifacol.2022.09.663

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

Cite this

@article{0dd229bcd4b143599d4b4f8ae2838929,

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

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.",

keywords = "food supply chain, heuristic optimization, Lateral inventory share, s, S inventory",

author = "Ekren, \{Banu Y.\} and Ritwika Chattopadhyay and Vikas Kumar",

note = "Publisher Copyright: Copyright {\textcopyright} 2022 The Authors. This is an open access article under the CC BY-NC-ND license.; 10th IFAC Conference on Manufacturing Modelling, Management and Control, MIM 2022 ; Conference date: 22-06-2022 Through 24-06-2022",

year = "2022",

month = oct,

day = "26",

doi = "10.1016/j.ifacol.2022.09.663",

language = "English",

volume = "55",

pages = "1822--1827",

journal = "IFAC-PapersOnLine",

issn = "2405-8963",

publisher = "IFAC Secretariat",

number = "10",

}

TY - JOUR

T1 - Multi-objective inventory optimization problem for a sustainable food supply network under lateral inventory share policy

AU - Ekren, Banu Y.

AU - Chattopadhyay, Ritwika

AU - Kumar, Vikas

PY - 2022/10/26

Y1 - 2022/10/26

N2 - 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.

AB - 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.

KW - food supply chain

KW - heuristic optimization

KW - Lateral inventory share

KW - s

KW - S inventory

UR - https://www.scopus.com/pages/publications/85144506130

U2 - 10.1016/j.ifacol.2022.09.663

DO - 10.1016/j.ifacol.2022.09.663

M3 - Article

AN - SCOPUS:85144506130

SN - 2405-8963

VL - 55

SP - 1822

EP - 1827

JO - IFAC-PapersOnLine

JF - IFAC-PapersOnLine

IS - 10

T2 - 10th IFAC Conference on Manufacturing Modelling, Management and Control, MIM 2022

Y2 - 22 June 2022 through 24 June 2022

ER -

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

Abstract

Keywords

UN SDGs

Access to Document

Fingerprint

Cite this