Cycle stock optimisation in the fractal supply network

SAAD, Sameh and BAHADORI, Ramin (2015). Cycle stock optimisation in the fractal supply network. In: PAWAR, K.S., ROGERS, H. and FERRARI, E., (eds.) The proceedings of 20th International Symposium on Logistics (ISL) : reflections on supply chain research and practice. Nottingham University Business School., 124-131.

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Abstract

The aim of this research paper is to investigate the effect of replenishment frequencies on both transportation and inventory holding costs in the fractal supply network. This enables the practitioners to optimise the cycle stock at different stages of the supply network including inventory and transportation costs. Fractal supply network and mathematical models of cycle stock, inventory and transportation models are developed. The proposed mathematical models and a hypothetical fractal supply network are implemented and validated using Supply Chain GURU Software, in order to optimise cycle stock at different stages of the proposed supply network and in turn minimise both inventory and transportation costs.

Item Type:	Book Section
Additional Information:	Paper presented at 20th International Symposium on Logistics (ISL 2015). 5-8th July 2015, Bologna, Italy
Research Institute, Centre or Group - Does NOT include content added after October 2018:	Materials and Engineering Research Institute > Centre for Automation and Robotics Research > Systems Modelling and Integration Group
Departments - Does NOT include content added after October 2018:	Faculty of Science, Technology and Arts > Department of Engineering and Mathematics
Page Range:	124-131
Depositing User:	Sameh Saad
Date Deposited:	21 Nov 2016 15:50
Last Modified:	18 Mar 2021 17:45
URI:	https://shura.shu.ac.uk/id/eprint/14053

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