2023
DOI: 10.1109/access.2023.3269292
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Grey Wolf Optimizer and Whale Optimization Algorithm for Stochastic Inventory Management of Reusable Products in a Two-Level Supply Chain

Abstract: Product reuse and recovery is an efficient tool that helps companies to simultaneously address economic and environmental dimensions of sustainability. This paper presents a novel problem for stock management of reusable products in a single-vendor, multi-product, multiretailer network. Several constraints, such as the maximum budget, storage capacity, number of orders, etc., are considered in their stochastic form to establish a more realistic problem. The presented problem is formulated using a nonlinear pro… Show more

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Cited by 20 publications
(4 citation statements)
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“…The goal of policy analysis is to provide decision-makers with relevant information and insights that can help them make informed decisions about policy choices. Policy analysis is a versatile tool that can be applied in a variety of fields, including healthcare (Sahebi-Fakhrabad et al, 2023), natural resource management (Yoosefdoost et al, 2022), sustainable supply chain (Sadeghi, Bani, et al, 2023), social welfare, and more, to provide valuable insights into policy design and implementation. Policy analysis is a crucial aspect of effective warehouse management, particularly when it comes to selecting the optimal lane depth.…”
Section: Literature Reviewmentioning
confidence: 99%
“…The goal of policy analysis is to provide decision-makers with relevant information and insights that can help them make informed decisions about policy choices. Policy analysis is a versatile tool that can be applied in a variety of fields, including healthcare (Sahebi-Fakhrabad et al, 2023), natural resource management (Yoosefdoost et al, 2022), sustainable supply chain (Sadeghi, Bani, et al, 2023), social welfare, and more, to provide valuable insights into policy design and implementation. Policy analysis is a crucial aspect of effective warehouse management, particularly when it comes to selecting the optimal lane depth.…”
Section: Literature Reviewmentioning
confidence: 99%
“…2023 22 [94] This paper proposes the integration of the Grey Wolf Optimizer and Whale Optimization Algorithm to address stochastic inventory management challenges in a two-level supply chain for reusable products. By combining both algorithms, it enhances inventory control strategies, optimizing stock levels and minimizing costs in dynamic supply chain environments.…”
Section: Reference Description Yearmentioning
confidence: 99%
“…Reusable products are designed to be used multiple times, reducing the need for constant replacements [38]. By encouraging reuse, these products minimize the environmental impact associated with manufacturing, transportation, and disposal [39]. Reusable products can include items such as shopping bags, water bottles, coffee cups, and food containers, providing consumers with sustainable choices that reduce their reliance on disposable options [38].…”
mentioning
confidence: 99%
“…Reusable products can include items such as shopping bags, water bottles, coffee cups, and food containers, providing consumers with sustainable choices that reduce their reliance on disposable options [38]. By embracing reusable products, individuals can significantly contribute to waste reduction and the conservation of resources, ultimately promoting a more sustainable and environmentally friendly lifestyle [39].…”
mentioning
confidence: 99%