Mathematical Programming Models for Sustainable Inventory Management in a Supply Chain
Journal
Lecture Notes on Data Engineering and Communications Technologies
Date Issued
2023
Author(s)
University of Atacama
Mula, Josefa
Sanchis, Raquel
Abstract
Supply chain network design is a systematic approach to determine the best combination of facilities, suppliers and products using mathematical modelling. Inventory management models aim to strike a balance between customer satisfaction and inventory carrying costs based on order size and timing decisions. Demand volatility is the reason for holding inventory. Here four mathematical programming inventory management models that consider some sustainability factors in a green supply chain context are studied.


