Seminar about "MODELING THE INVENTORY COORDINATION DECISIONS IN A MULTI-STAGE SUPPLY CHAIN" at Faculty of Computing in Rabigh
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Dr. Ab Rahman presented a seminar about "MODELING THE INVENTORY COORDINATION DECISIONS IN A MULTI-STAGE SUPPLY CHAIN" at Faculty of Computing and Information Technology in Rabigh on Monday 12/12/2011 at 12:00 noon. The faculty members attended the seminar. The following is the brief of the seminar:
Supply chain production and inventory coordination have been getting a
lot of attention but most of the developed models deal with two-stage
chains. Moreover, some models on a multi-stage supply chains were based
on certain restrictive assumptions. Therefore, there is a need to
analyze models for more realistic analysis of the supply chain. The
objective is to identify the role of the supply chain decisions in the
coordination and optimization of costs and accepted service levels.
Mathematical optimization integrated models will be formulated for some
different inventory coordination mechanisms such as the equal cycle, the
integer multipliers and powers of two multipliers. Then, the cost
minimization procedures will be applied in order to obtain feasible and
satisfactory solutions to the problem. A numerical analysis is expected
to indicate the lowest total costs. To entice this coordination, a
benefit sharing scheme will be proposed. It is hoped that the
multi-stage supply chain cost efficiency can be improved via the
centralized inventory coordination, mutual trust and proper coordination
using the scheme.
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