Design and Application of Genetic Algorithm Based on Signal Game and Newsboy Model for Optimizing Supply Chain

Reasonable communication and cooperation between enterprises are helpful for the efficient operation of a supply chain. To explore the maximum utility of an entire supply chain, we propose a supplier-manufacturer-seller supply-chain game decision-making model. We use the model as the fitness functio...

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Bibliographic Details
Published in:Discrete Dynamics in Nature and Society
Main Authors: Yue Zhao, Yang Shen, Jiaqi Yan
Format: Article
Language:English
Published: Wiley 2021-01-01
Online Access:http://dx.doi.org/10.1155/2021/6144258
Description
Summary:Reasonable communication and cooperation between enterprises are helpful for the efficient operation of a supply chain. To explore the maximum utility of an entire supply chain, we propose a supplier-manufacturer-seller supply-chain game decision-making model. We use the model as the fitness function of a genetic algorithm that calculates the optimal solution and optimizes the total utility parameters. We analyze the theoretical and practical properties of the supply-chain optimization process and implement it in MATLAB, which provides quantitative support and useful references for making business decisions and optimally managing a supply chain.
ISSN:1026-0226
1607-887X