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College of Computing and Mathematics
Industrial and Systems Engineering Department
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Presents a Seminar on
"An Integrated Inventory Problem with Transportation in a Single-Vendor Multiple-Buyer Supply Chain Coordination with Stochastic Demand"
Date: Monday, December 13, 2021
Time: 2:45 PM – 3:30 PM
Location: Room No. 127 Building No. 22
Speaker:
Mr. Mustafa Yousef Ali Albandi
Graduate Assistant
Industrial and Systems Engineering Department
Abstract:
The objective is to propose an integrated inventory model with transportation of a single-vendor multi-buyer supply chain coordination where stochastic demand is considered. The synchronized cycles model (SSYN) coordination policy, in which the buyers' ordering cycles are synchronized with the vendor's production cycle, is considered. That is, buyers will choose their optimal replenishment intervals, and the vendor schedules the delivery of products accordingly. Then, the joint total expected cost per unit time for the integrated SSYN with transportation assuming a normally distributed demand is developed. A state-of-the-art two-phase iterative approach to solve the model, where the SSYN model is first solved assuming direct shipment, and then the routes are determined by solving a vehicle routing problem, is devised. Finally, a numerical example is solved, and its results are shown.
Speaker Bio:
Mr. Mustafa Alabandi is a graduate assistant in the Industrial and Systems Engineering Department at KFUPM. He obtained his bachelor's degree in industrial and systems engineering from KFUPM and currently studying towards his master's degree. His research interests include supply chain optimization, production and inventory control and optimization, and operations research.
All faculty, researchers and graduate students are invited to attend.
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Industrial and Systems Engineering Department, College of Computing and Mathematics
Telephone: +966 (13) 860 2988, Email: c-se@kfupm.edu.sa, Website: www.kfupm.edu.sa/departments/se/
Copyright © 2014 King Fahd University of Petroleum & Minerals
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