APPLICATION OF RESPONSE SURFACE METHODOLOGY IN OPTIMIZING A THREE ECHELON INVENTORY SYSTEM

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RAZAVI HAJIAGHA SEYED HOSSEIN; AMIRI MAGHSOUD; SEIFBARGHY MEHDI; OLFAT LAAYA

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Paper Information

Journal: PRODUCTION AND OPERATIONS MANAGEMENT Year:2014 | Volume:4 | Issue:2 (7) Page(s): 41-54

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Information Journal Paper

Title

APPLICATION OF RESPONSE SURFACE METHODOLOGY IN OPTIMIZING A THREE ECHELON INVENTORY SYSTEM

Author(s)

RAZAVI HAJIAGHA SEYED HOSSEIN | AMIRI MAGHSOUD | SEIFBARGHY MEHDI | OLFAT LAAYA | Issue Writer Certificate

Keywords

SUPPLY CHAINQ2

MULTI ECHELON INVENTORY SYSTEMQ2

COMPOUND POISSON PROCESSQ2

RESPONSE SURFACE METHODOLOGYQ2

OPTIMIZATIONQ2

Abstract

Inventory control is an important subject in SUPPLY CHAIN management. In this paper, a three echelon production, distribution, inventory system composed of one producer, two wholesalers and a set of retailers has been considered. Costumers' demands follow a COMPOUND POISSON PROCESS and the inventory policy is a kind of continuous review (R, Q). In this paper, regarding the standard cost structure in an inventory model, the cost function of system has been approximated using RESPONSE SURFACE METHODOLOGY as a combination of designed experiments, simulation, regression analysis and OPTIMIZATION. The proposed methodology in this paper can be applied as a novel method in OPTIMIZATION of inventory policy of SUPPLY CHAINs. Also, the joint OPTIMIZATION of inventory parameters, including reorder point and batch order size, is another advantage of the proposed methodology.

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References

ESTIMATION OF THE COST FUNCTION OF A TWO-ECHELON INVENTORY SYSTEM WITH LOST SALES USING REGRESSION

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APA: Copy

RAZAVI HAJIAGHA, SEYED HOSSEIN, AMIRI, MAGHSOUD, SEIFBARGHY, MEHDI, & OLFAT, LAAYA. (2014). APPLICATION OF RESPONSE SURFACE METHODOLOGY IN OPTIMIZING A THREE ECHELON INVENTORY SYSTEM. PRODUCTION AND OPERATIONS MANAGEMENT, 4(2 (7)), 41-54. SID. https://sid.ir/paper/217556/en

Vancouver: Copy

RAZAVI HAJIAGHA SEYED HOSSEIN, AMIRI MAGHSOUD, SEIFBARGHY MEHDI, OLFAT LAAYA. APPLICATION OF RESPONSE SURFACE METHODOLOGY IN OPTIMIZING A THREE ECHELON INVENTORY SYSTEM. PRODUCTION AND OPERATIONS MANAGEMENT[Internet]. 2014;4(2 (7)):41-54. Available from: https://sid.ir/paper/217556/en

IEEE: Copy

SEYED HOSSEIN RAZAVI HAJIAGHA, MAGHSOUD AMIRI, MEHDI SEIFBARGHY, and LAAYA OLFAT, “APPLICATION OF RESPONSE SURFACE METHODOLOGY IN OPTIMIZING A THREE ECHELON INVENTORY SYSTEM,” PRODUCTION AND OPERATIONS MANAGEMENT, vol. 4, no. 2 (7), pp. 41–54, 2014, [Online]. Available: https://sid.ir/paper/217556/en

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