Supply Chain Lot Sizing Decision Models and Analysis
Project status: Complete
Thrust area: Design Optimization
Research team: Guiping Hu
This project aims to improve the efficiency of supply chain system by optimizing the order strategy (including quantities and frequencies of raw materials and parts) in a manufacturing facility. The decision making model can be utilized to improve the material inventory levels along the supply chain, therefore reduce the total system cost. This project incorporates the transportation cost and demand uncertainty into decision making. Related supply chain decision problems such as suppliers grouping and transportation scheduling can also be studied with this modeling framework.