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Fuzzy logic based decision making system for stock allocation in a distribution supply chain

Fuzzy logic based decision making system for stock allocation in a distribution supply chain

Xie, Ying and Petrovic, Dobrila (2006) Fuzzy logic based decision making system for stock allocation in a distribution supply chain. Intelligent Systems in Accounting, Finance & Management, 14. pp. 27-42. ISSN 1099-1174 (doi:https://doi.org/10.1002/isaf.271)

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Abstract

Stock allocation in a distribution supply chain (DSC) means that the warehouse has to determine quantities of the available stock to be delivered to each retailer. Different allocation rules have been developed with various aims. In this paper, a new fuzzy-logic-based decision-making system for stock allocation (DMS_SA) is presented, and the objective is to achieve the target DSC fill rate whilst incurring an acceptable total holding cost, or to achieve the target holding cost whilst with a certain level of fill rate. It is shown how DMS_SA can be extended to be applied to a multi-echelon DSC.

Item Type: Article
Additional Information: [1] This article appears in a special issue of the Journal entitled, 'Intelligent Systems in Operations Management'
Uncontrolled Keywords: stock allocation, distribution supply chain, fuzzy logic
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
Faculty / Department / Research Group: Faculty of Business > Department of Systems Management & Strategy
Related URLs:
Last Modified: 14 Oct 2016 09:13
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
URI: http://gala.gre.ac.uk/id/eprint/5153

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