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Managing Cost Uncertainty in Production Using Genetic Algorithm

Journal: International Journal of Science and Research (IJSR) (Vol.6, No. 7)

Publication Date:

Authors : ; ;

Page : 163-167

Keywords : Genetic Algorithm; Production;

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Efficient and effective management of production cost is carried out by identifying the uncertainty in production planning in supply chain. Thus the determination of the uncertainty factors at various levels in a supply chain becomes inevitable so as to ensure minimal Cost for the manufacturing process. Minimizing the total supply chain cost is meant for minimizing labour, material and minimizing cost in the entire supply chain.

Last modified: 2021-06-30 19:29:57