Title :
Combined optimization of shipping and storage costs in a multi-product and multi-level supply chain, under a stochastic demand
Author :
Tikito, Kawtar ; Achchab, Said ; Benadada, Youssef
Author_Institution :
Ecole Nat. Super. d´Inf. et d´Anal. des Syst. (ENSIAS), Univ. Mohammed V, Rabat, Morocco
Abstract :
The increasing need for optimality in the presence of uncertainty motivates the development and application of Model Predictive Control. In this paper we apply the Stochastic Model Predictive Control to optimize the cost of storage and transport for a multi-product and a multi-level supply chain under a stochastic demand. We use the dynamic programming to find the control policies resolving the problem.
Keywords :
cost optimal control; demand forecasting; dynamic programming; predictive control; ships; stochastic processes; supply chain management; warehousing; dynamic programming; multilevel supply chain; multiproduct supply chain; shipping cost optimization; stochastic demand; stochastic model predictive control; storage cost optimization; uncertainty; Cost function; Dynamic programming; Equations; Mathematical model; Predictive control; Stochastic processes; Supply chains; Optimization; multi-level; multi-product; stochastic demand; supply chain; transport cost; warehouse cost;
Conference_Titel :
Modeling, Simulation and Applied Optimization (ICMSAO), 2013 5th International Conference on
Conference_Location :
Hammamet
Print_ISBN :
978-1-4673-5812-5
DOI :
10.1109/ICMSAO.2013.6552666
