Combined optimization of shipping and storage costs in a multi-product and multi-level supply chain, under a stochastic demand

TitreCombined optimization of shipping and storage costs in a multi-product and multi-level supply chain, under a stochastic demand
Publication TypeConference Paper
Year of Publication2013
AuthorsTikito, K, Achchab, S, Benadada, Y
Conference Name2013 5TH INTERNATIONAL CONFERENCE ON MODELING, SIMULATION AND APPLIED OPTIMIZATION (ICMSAO)
ISBN Number978-1-4673-5814-9; 978-1-4673-5812-5
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.

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