Role of optimal production plan at the focal firm in optimization of the supply chain.
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Date
2015
Journal Title
Journal ISSN
Volume Title
Publisher
Journal of Management and Research
Abstract
Supply chain management and optimization is a critical aspect of modern enterprises and
an expanding area of research. Modeling and optimization are the traditional tools of
supply chain management. The techniques have been used by many companies for planning,
manufacturing, and otherdecision areas in supply chains. Current study is motivated
by the fact that optimization studies in supply chain management have mostly considered
network optimization. Supply chain management however, requires alignment between the
supply chain partners at the tactical level. As a first step towards achieving this goal, current
study presents a model that incorporates the activity level planning at the focal firm in a
supply chain. This paper presents a new mixed integer programming model that incorporates
optimization of production planning at the focal firm while optimizing the strategic
alignment of the supply chain entities. The model represents a four step, multi-echelon
supply chain including supplier, warehouse, manufacturer, and retailer. The manufacturer
in this network represents the focal firm. This model is an attempt to integrate the production
planning decisions in the network optimization decisions.
Description
Keywords
Operations and Supply Chain, Supply chain management, optimization, aggregate production planning, supply chain optimization, network models
Citation
Aslam, M. M. H., Rashid, K., & Azhar, T. M. (2015). Role of Optimal Production Plan at the Focal Firm in Optimization of the Supply Chain. Journal of Management and Research, 1(2), 1-20.(M.M.Haris Aslam, Kamran Rashid and Tashfeen Muhammad Azhar)(UMT Journal)