Multi-objective Inventory Optimization Problem for a Sustainable Food Supply Network under Lateral Inventory Share Policy

Abstract

This study dives deep into a lateral supply chain network for perishable food products and aims to determine optimal re-order and order up to levels for multiple e-groceries within a common network using a simulation-based optimization technique. The algorithm aims to minimize the average inventory carried within the network while accounting for parameters like reduced wastage improved customer satisfaction level and a limited number of replenishments. © 2022 Elsevier B.V. All rights reserved.