INNOVATIVE APPLICATION OF OPTIMIZATION IN SUPPLY CHAIN MANAGEMENT
Journal: IMPACT : International Journal of Research in Business Management ( IMPACT : IJRBM ) (Vol.4, No. 5)Publication Date: 2016-06-20
Authors : SAMUEL Y. RUAN SHIH-CHANG WANG;
Page : 99-108
Keywords : Supply Chain Management; Operations Management; Aggregate Planning; Differential Evolution;
Abstract
The differential evolution approach has become a promising optimization technique in recent decades. It has been successfully applied to solve various problems in science and engineering fields; however, few applications have been addressed in the domain of supply chain management. In this paper, an improved DE approach is proposed for the aggregate planning problem in a supply chain. The approach comprises an improved DE variant with a winner-based constraint handling mechanism called the winner-based constrained differential evolution. To test the performance of the approach, it is verified and compared with most commonly used DE approaches. The experimental study shows that the winner-based constrained differential evolution possesses particular qualities in convergence, accuracy, and reliability for the aggregate planning problem in supply chains.
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Last modified: 2016-06-20 15:22:15