Development of an integrated scenario-based stochastic rolling-planning multistage logistics model considering various risks.

ABSTRACT: In this study, a new integrated scenario-based stochastic rolling-planning multistage logistics model is proposed to reduce overall logistics costs. To achieve this goal, two phases were considered in the model. In the first phase, a multi-criteria group decision-making model was developed to select a trustworthy supplier. In the second stage, the selected suppliers were integrated with other stakeholders to develop a rolling-planning-based logistics model using a variety of risky scenarios. Several risk factors including price variability, demand, and quality risks were considered in the model. By considering these risk factors, a new risk-embedded rolling-planning logistics method was established that regulates inventory, stock-out, and overstock problems by constantly controlling the pr

SUBMITTER: Islam MM 

PROVIDER: S-EPMC10679504 | biostudies-literature | 2023 Nov

REPOSITORIES: biostudies-literature