Supply chain optimization with variable demand by considering financial criteria and scenarios
This paper contemplates the supply chain design problem of a large-scale company by considering the maximization of the Net Present Value. In particular, the variability of the demand for each type of product at each customer zone has been estimated. As starting point, this paper considers an establ...
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| Format: | Online |
| Language: | eng |
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Universidad Pedagógica y Tecnológica de Colombia
2017
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| Online Access: | https://revistas.uptc.edu.co/index.php/ingenieria/article/view/5769 |
| _version_ | 1801706075912667136 |
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| author | Escobar, John Willmer |
| author_facet | Escobar, John Willmer |
| author_sort | Escobar, John Willmer |
| collection | OJS |
| description | This paper contemplates the supply chain design problem of a large-scale company by considering the maximization of the Net Present Value. In particular, the variability of the demand for each type of product at each customer zone has been estimated. As starting point, this paper considers an established supply chain for which the main problem is to determine the decisions regarding expansion of distribution centers. The problem is solved by using a mixed-integer linear programming model, which optimizes the different demand scenarios. The proposed methodology uses a scheme of optimization based on the generation of multiple demand scenarios of the supply network. The model is based on a real case taken from a multinational food company, which supplies to the Colombian and some international markets. The obtained results were compared with the equivalent present costs minimization scheme of the supply network, and showed the importance and efficiency of the proposed approach as an alternative for the supply chain design with stochastic parameters. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-5769 |
| institution | Revista Facultad de Ingeniería |
| language | eng |
| publishDate | 2017 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-57692022-06-15T16:20:03Z Supply chain optimization with variable demand by considering financial criteria and scenarios Escobar, John Willmer analysis of scenarios logistics Net Present Value (NPV) supply chain design variability of the demand This paper contemplates the supply chain design problem of a large-scale company by considering the maximization of the Net Present Value. In particular, the variability of the demand for each type of product at each customer zone has been estimated. As starting point, this paper considers an established supply chain for which the main problem is to determine the decisions regarding expansion of distribution centers. The problem is solved by using a mixed-integer linear programming model, which optimizes the different demand scenarios. The proposed methodology uses a scheme of optimization based on the generation of multiple demand scenarios of the supply network. The model is based on a real case taken from a multinational food company, which supplies to the Colombian and some international markets. The obtained results were compared with the equivalent present costs minimization scheme of the supply network, and showed the importance and efficiency of the proposed approach as an alternative for the supply chain design with stochastic parameters. Universidad Pedagógica y Tecnológica de Colombia 2017-01-25 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion investigation application/pdf application/xml https://revistas.uptc.edu.co/index.php/ingenieria/article/view/5769 10.19053/01211129.v26.n44.2017.5769 Revista Facultad de Ingeniería; Vol. 26 No. 44 (2017); 23-34 Revista Facultad de Ingeniería; Vol. 26 Núm. 44 (2017); 23-34 2357-5328 0121-1129 eng https://revistas.uptc.edu.co/index.php/ingenieria/article/view/5769/4712 https://revistas.uptc.edu.co/index.php/ingenieria/article/view/5769/6390 |
| spellingShingle | analysis of scenarios logistics Net Present Value (NPV) supply chain design variability of the demand Escobar, John Willmer Supply chain optimization with variable demand by considering financial criteria and scenarios |
| title | Supply chain optimization with variable demand by considering financial criteria and scenarios |
| title_full | Supply chain optimization with variable demand by considering financial criteria and scenarios |
| title_fullStr | Supply chain optimization with variable demand by considering financial criteria and scenarios |
| title_full_unstemmed | Supply chain optimization with variable demand by considering financial criteria and scenarios |
| title_short | Supply chain optimization with variable demand by considering financial criteria and scenarios |
| title_sort | supply chain optimization with variable demand by considering financial criteria and scenarios |
| topic | analysis of scenarios logistics Net Present Value (NPV) supply chain design variability of the demand |
| topic_facet | analysis of scenarios logistics Net Present Value (NPV) supply chain design variability of the demand |
| url | https://revistas.uptc.edu.co/index.php/ingenieria/article/view/5769 |
| work_keys_str_mv | AT escobarjohnwillmer supplychainoptimizationwithvariabledemandbyconsideringfinancialcriteriaandscenarios |
