Application of Optimization in Production, Logistics, Inventory, Supply Chain Management and Block ChainThe evolution of industrial development since the 18th century is now experiencing the fourth industrial revolution. The effect of the development has propagated into almost every sector of the industry. From inventory to the circular economy, the effectiveness of technology has been fruitful for industry. The recent trends in research, with new ideas and methodologies, are included in this book. Several new ideas and business strategies are developed in the area of the supply chain management, logistics, optimization, and forecasting for the improvement of the economy of the society and the environment. The proposed technologies and ideas are either novel or help modify several other new ideas. Different real life problems with different dimensions are discussed in the book so that readers may connect with the recent issues in society and industry. The collection of the articles provides a glimpse into the new research trends in technology, business, and the environment. |
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Common terms and phrases
algorithm analysis applied approach authors average backorder buyer calculated change point Comput considered constraints cost CrossRef cycle decision decrease defective demand dependent deterioration determine developed discount distribution economic effect efficiency emissions environment Equation et al evaluate example expected factors Figure function fuzzy given holding imperfect production important improvement increase industry inspection integrated interest inventory inventory model investment lead limit machine manufacturing mathematical mean method minimize objective obtained Oper optimal optimum parameters performance period planning presented problem Prod production system profit programming proposed quantity random reduce reliability respectively retailers rework Sarkar scheduling sensitivity setup shows solution solve South Korea standards Step strategy stress supply chain sustainable Table total cost transportation types unit variable