Optimization of order policies in supply networks

S. Göttlich, M. Herty, Christian Ringhofer

Research output: Contribution to journalArticle

19 Scopus citations

Abstract

The purpose of this paper is to develop a model which allows for the study and optimization of arbitrarily complex supply networks, including order policies and money flows. We propose a mathematical description that captures the dynamic behavior of the system by a coupled system of ordinary differential delay equations. The underlying optimization problem is solved using discretization techniques yielding a mixed-integer programming problem.

Original languageEnglish (US)
Pages (from-to)456-465
Number of pages10
JournalEuropean Journal of Operational Research
Volume202
Issue number2
DOIs
StatePublished - Apr 16 2010

Keywords

  • Combinatorial optimization
  • Network flows
  • Policy models
  • Production lines

ASJC Scopus subject areas

  • Computer Science(all)
  • Modeling and Simulation
  • Management Science and Operations Research
  • Information Systems and Management

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