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Abstract:
In this paper, we propose a centralized adaptive inventory control model for a multi-level multi-cycle supply chain consisting of one supplier and one retailer with non-stationary random demand. In our approach, the fuzzy exponential smoothing method adopted to forecast the future demand, and the EOQ (Economic Order Quantity) model determines the ordered quantity. Besides, a reinforcement learning algorithm is developed to evaluate the effects of safety factor. Our objective is to satisfy a given target service level predefined for the retailer. Two types of demand process patterns, known and unknown demand distribution, are considered. Moreover, the bullwhip effect generated while processing of demand information is provided. The results show that the proposed control method can improve the service level and reduce the bullwhip effect to some extent.
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PROCEEDINGS OF THE 33RD CHINESE CONTROL AND DECISION CONFERENCE (CCDC 2021)
ISSN: 1948-9439
Year: 2021
Page: 6025-6030
Cited Count:
WoS CC Cited Count: 1
SCOPUS Cited Count: 1
ESI Highly Cited Papers on the List: 0 Unfold All
WanFang Cited Count:
Chinese Cited Count:
30 Days PV: 3
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