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Digital Library of the
European Council for Modelling and Simulation |
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Title: |
A
Derivative Control Mechanism For Supply Chain Performance Improvement |
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Authors: |
Olatunde Temitope Baruwa, Miquel Àngel Piera |
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Published in:
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ECMS
2008 Proceedings Edited
by: Loucas S. Louca, Yiorgos Chrysanthou, Zuzana Oplatkova, Khalid Al-Begain ISBN:
978-0-9553018-6-5 Doi: 10.7148/2008 22nd
European Conference on Modelling and Simulation, Nicosia, June
3-6, 2008 |
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Citation
format: |
Baruwa, O. T., & Piera,
M. A. (2008). A Derivative Control Mechanism For Supply Chain Performance
Improvement. ECMS 2008 Proceedings edited by: L. S. Louca,
Y. Chrysanthou, Z. Oplatkova,
K. Al-Begain (pp.
270-276). European Council for Modeling and Simulation. doi:10.7148/2008-0270 |
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DOI: |
http://dx.doi.org/10.7148/2008-0270 |
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Abstract: |
Organizations increasingly find
that they must rely on effective supply chains to successfully compete in the
global market and networked economy. Over the years, simulation models have
proved to be a useful decision support tool for examining the performance of
different system configurations and/or alternative operating procedures for
complex systems to improve operational and organizational efficiency. This
paper presents a new approach that transforms an optimization problem to a
search problem by evaluating the interrelationship of decision making when
either one or more actors in the supply chain take aggressive or conservative
positions. This is aimed at improving and optimizing performance, both
individually and for the entire chain in order to reduce costs, lower
inventories, and increase manufacturing throughput. |
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