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Conference Papers Year : 2021

Heuristic Algorithm for the Safety Stock Placement Problem

Zied Jemai
Abderrahim Bendadou

Abstract

In this paper, we develop an iterative heuristic algorithm for the NP-hard optimization problem encountered when managing the stock under the Guaranteed Service Model in a multi-echelon supply chain to determine a good solution in a short time. Compared to the Baron solver that was restricted with a maximum time equal to 20000 seconds, we achieved on average more than 88% reduction in calculation time and about 0.3% cost reduction.
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hal-03558836 , version 1 (05-02-2022)

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Zied Jemai, Abderrahim Bendadou, Rim Kalai, Yacine Rekik. Heuristic Algorithm for the Safety Stock Placement Problem. IFIP International Conference on Advances in Production Management Systems (APMS), Sep 2021, Nantes, France. pp.465-473, ⟨10.1007/978-3-030-85914-5_50⟩. ⟨hal-03558836⟩
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