JOINT PRICING AND INVENTORY ROUTING MODELING IN A TWO ECHELON CLOSED SUPPLY CHAIN

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MOHAMADNEJAD MOHAMAD; NAKHAI KAMALABADI ISA; SADEGHIAN RAMIN; AHMADIZAR FARDIN

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Journal: Journal of Economic Modelling Year:2017 | Volume:11 | Issue:1 (37) Page(s): 101-127

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Title

JOINT PRICING AND INVENTORY ROUTING MODELING IN A TWO ECHELON CLOSED SUPPLY CHAIN

Author(s)

MOHAMADNEJAD MOHAMAD | NAKHAI KAMALABADI ISA | SADEGHIAN RAMIN | AHMADIZAR FARDIN | Issue Writer Certificate

Keywords

CLOSED-LOOP SUPPLY CHAINQ1

PRICINGQ2

HETEROGENEOUS FLEET OF VEHICLESQ1

SIMULTANEOUS PICK-UP AND DELIVERYQ1

PARTICLE SWARM OPTIMIZATION ALGORITHMQ1

GENETIC ALGORITHMQ2

Abstract

This paper studies the PRICING issue in a multi-period and multi-product CLOSED-LOOP SUPPLY CHAIN with price-dependent demands. The aim is to assign a location for the collection and disassemble center, vehicle routing, and material ordering in order to maximize the profit. In the study, a non-linear mathematical model is presented for small scale problems. Due to the NP-hardness of the problem, two met heuristics, GENETIC ALGORITHM and PARTICLE SWARM OPTIMIZATION ALGORITHM, are applied to solve medium and large scale problems. The algorithms are validated by comparing their results with those of the mathematical model. Finally, the performance comparison of the two met heuristics through statistical analysis is demonstrated that the PARTICLE SWARM OPTIMIZATION ALGORITHM performance outperforms the GENETIC ALGORITHM.

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APA: Copy

MOHAMADNEJAD, MOHAMAD, NAKHAI KAMALABADI, ISA, SADEGHIAN, RAMIN, & AHMADIZAR, FARDIN. (2017). JOINT PRICING AND INVENTORY ROUTING MODELING IN A TWO ECHELON CLOSED SUPPLY CHAIN. ECONOMIC MODELLING, 11(1 (37)), 101-127. SID. https://sid.ir/paper/176304/en

Vancouver: Copy

MOHAMADNEJAD MOHAMAD, NAKHAI KAMALABADI ISA, SADEGHIAN RAMIN, AHMADIZAR FARDIN. JOINT PRICING AND INVENTORY ROUTING MODELING IN A TWO ECHELON CLOSED SUPPLY CHAIN. ECONOMIC MODELLING[Internet]. 2017;11(1 (37)):101-127. Available from: https://sid.ir/paper/176304/en

IEEE: Copy

MOHAMAD MOHAMADNEJAD, ISA NAKHAI KAMALABADI, RAMIN SADEGHIAN, and FARDIN AHMADIZAR, “JOINT PRICING AND INVENTORY ROUTING MODELING IN A TWO ECHELON CLOSED SUPPLY CHAIN,” ECONOMIC MODELLING, vol. 11, no. 1 (37), pp. 101–127, 2017, [Online]. Available: https://sid.ir/paper/176304/en

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