Particle swarm optimization for bi-level pricing problems in supply chains

With rapid technological innovation and strong competition in hi-tech industries such as computer and communication organizations, the upstream component price and the downstream product cost usually decline significantly with time. As a result, an effective pricing supply chain model is very important. This paper first establishes two bi-level pricing models for pricing problems with the buyer and the vendor in a supply chain designated as the leader and the follower, respectively. A particle swarm optimization (PSO) based algorithm is developed to solve problems defined by these bi-level pricing models. Experiments illustrate that this PSO based algorithm can achieve a profit increase for buyers or vendors if they are treated as the leaders under some situations, compared with the existing methods. © 2010 Springer Science+Business Media, LLC

Multilevel decision-making: A survey

© 2016 Elsevier Inc. All rights reserved. Multilevel decision-making techniques aim to deal with decentralized management problems that feature interactive decision entities distributed throughout a multiple level hierarchy. Significant efforts have been devoted to understanding the fundamental concepts and developing diverse solution algorithms associated with multilevel decision-making by researchers in areas of both mathematics/computer science and business areas. Researchers have emphasized the importance of developing a range of multilevel decision-making techniques to handle a wide variety of management and optimization problems in real-world applications, and have successfully gained experience in this area. It is thus vital that a high quality, instructive review of current trends should be conducted, not only of the theoretical research results but also the practical developments in multilevel decision-making in business. This paper systematically reviews up-to-date multilevel decision-making techniques and clusters related technique developments into four main categories: bi-level decision-making (including multi-objective and multi-follower situations), tri-level decision-making, fuzzy multilevel decision-making, and the applications of these techniques in different domains. By providing state-of-the-art knowledge, this survey will directly support researchers and practical professionals in their understanding of developments in theoretical research results and applications in relation to multilevel decision-making techniques

A review of discrete-time optimization models for tactical production planning

This is an Accepted Manuscript of an article published in International Journal of Production Research on 27 Mar 2014, available online: http://doi.org/10.1080/00207543.2014.899721[EN] This study presents a review of optimization models for tactical production planning. The objective of this research is to identify streams and future research directions in this field based on the different classification criteria proposed. The major findings indicate that: (1) the most popular production-planning area is master production scheduling with a big-bucket time-type period; (2) most of the considered limited resources correspond to productive resources and, to a lesser extent, to inventory capacities; (3) the consideration of backlogs, set-up times, parallel machines, overtime capacities and network-type multisite configuration stand out in terms of extensions; (4) the most widely used modelling approach is linear/integer/mixed integer linear programming solved with exact algorithms, such as branch-and-bound, in commercial MIP solvers; (5) CPLEX, C and its variants and Lindo/Lingo are the most popular development tools among solvers, programming languages and modelling languages, respectively; (6) most works perform numerical experiments with random created instances, while a small number of works were validated by real-world data from industrial firms, of which the most popular are sawmills, wood and furniture, automobile and semiconductors and electronic devices.This study has been funded by the Universitat Politècnica de València projects: ‘Material Requirement Planning Fourth Generation (MRPIV)’ (Ref. PAID-05-12) and ‘Quantitative Models for the Design of Socially Responsible Supply Chains under Uncertainty Conditions. Application of Solution Strategies based on Hybrid Metaheuristics’ (PAID-06-12).Díaz-Madroñero Boluda, FM.; Mula, J.; Peidro Payá, D. (2014). A review of discrete-time optimization models for tactical production planning. International Journal of Production Research. 52(17):5171-5205. doi:10.1080/00207543.2014.899721S51715205521

Classification of the Existing Knowledge Base of OR/MS Research and Practice (1990-2019) using a Proposed Classification Scheme

This is the author accepted manuscript. The final version is available from Elsevier via the DOI in this recordOperations Research/Management Science (OR/MS) has traditionally been defined as the discipline that applies advanced analytical methods to help make better and more informed decisions. The purpose of this paper is to present an analysis of the existing knowledge base of OR/MS research and practice using a proposed keywords-based approach. A conceptual structure is necessary in order to place in context the findings of our keyword analysis. Towards this we first present a classification scheme that relies on keywords that appeared in articles published in important OR/MS journals from 1990-2019 (over 82,000 articles). Our classification scheme applies a methodological approach towards keyword selection and its systematic classification, wherein approximately 1300 most frequently used keywords (in terms of cumulative percentage, these keywords and their derivations account for more than 45% of the approx. 290,000 keyword occurrences used by the authors to represent the content of their articles) were selected and organised in a classification scheme with seven top-level categories and multiple levels of sub-categories. The scheme identified the most commonly used keywords relating to OR/MS problems, modeling techniques and applications. Next, we use this proposed scheme to present an analysis of the last 30 years, in three distinct time periods, to show the changes in OR/MS literature. The contribution of the paper is thus twofold, (a) the development of a proposed discipline-based classification of keywords (like the ACM Computer Classification System and the AMS Mathematics Subject Classification), and (b) an analysis of OR/MS research and practice using the proposed classification