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Effect of forecasting on the multi-echelon distribution inventory supply chain cost using neural network, genetic algorithm and particle swarm optimisation

Effect of forecasting on the multi-echelon distribution inventory supply chain cost using neural... Supply Chain Management (SCM) is an emerging field that has commanded attention and support from the industrial community. Forecasting activities are widely performed in various areas of supply chains for predicting important SCM measurements such as demand volume in order management, capacity usage in production management, traffic costs in transportation management and so on. Firstly, the demand is forecast using Neural Networks (NN) and different forecasting methods. The Multi-Echelon Distribution Inventory Supply Chain Model (MEDISCM) is formulated using Genetic Algorithm (GA) and Particle Swarm Optimisation (PSO). This paper considers the impact of forecasting methods on the total cost of the multi-echelon distribution inventory supply chain. In this paper, the proposed model is validated by considering the case study in a tyre industry located in southern part of India. To solve the iterative procedure involved, the algorithm involved in GA and PSO model is coded in C++. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Services Operations and Informatics Inderscience Publishers

Effect of forecasting on the multi-echelon distribution inventory supply chain cost using neural network, genetic algorithm and particle swarm optimisation

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Publisher
Inderscience Publishers
Copyright
Copyright © Inderscience Enterprises Ltd. All rights reserved
ISSN
1741-539X
eISSN
1741-5403
Publisher site
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Abstract

Supply Chain Management (SCM) is an emerging field that has commanded attention and support from the industrial community. Forecasting activities are widely performed in various areas of supply chains for predicting important SCM measurements such as demand volume in order management, capacity usage in production management, traffic costs in transportation management and so on. Firstly, the demand is forecast using Neural Networks (NN) and different forecasting methods. The Multi-Echelon Distribution Inventory Supply Chain Model (MEDISCM) is formulated using Genetic Algorithm (GA) and Particle Swarm Optimisation (PSO). This paper considers the impact of forecasting methods on the total cost of the multi-echelon distribution inventory supply chain. In this paper, the proposed model is validated by considering the case study in a tyre industry located in southern part of India. To solve the iterative procedure involved, the algorithm involved in GA and PSO model is coded in C++.

Journal

International Journal of Services Operations and InformaticsInderscience Publishers

Published: Jan 1, 2006

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