Abstract:This research aims to model and optimise the most applicable supply chain system, which is a single-vendor single-buyer system with fuzzy buyer demand. An optimisation model of the supply chain system under consideration is built by formulating the objective function, which is minimising the joint total cost between a buyer and a vendor. The model is developed on the basis of a simulation system, and optimisation is carried out by utilising a Genetic Algorithm that has been embedded in the simulation system. T… Show more
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