International Journal of Industrial Engineering & Production Research

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Nowadays, in turbulent and violate global markets, agility has been considered as a fundamental characteristic of a supply chain needed for survival. To achieve the competitive edge, companies must align with suppliers and customers to streamline operations, as well as agility beyond individual companies. Consequently Agile Supply Chain (ASC) is considered as a dominant competitive advantage.  However, so far a little effort has been made for designing, operating and evaluating agile supply chain in recent years. Therefore, in this study a new approach has been developed based on Adaptive Neuro Fuzzy Inference System (ANFIS) for evaluating agility in supply chain considering agility capabilities such as Flexibility, Competency, Cost, Responsiveness and Quickness. This evaluation helps managers to perform gap analysis between existent agility level and the desired one and also provides more informative and reliable information for decision making. Finally the proposed model has been applied to a leading car manufacturing company in Iran to prove the applicability of the model.

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Portfolio management is one of the most important areas of research in financial engineering. This paper is concerned with multi period decision problem for financial asset allocation when the rate of borrowing is greater than the rate of lending. Transaction costs as a source of concern for portfolio managers is also considered in this paper. The proposed method of this paper is formulated in a form of dynamic linear programming which is capable of determining the amount of investment in different time periods. The method is also implemented using some numerical examples and the output results are discussed.

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Supplier selection,   Multi-objective decision making,   Fuzzy Compromise programming,   Supply chain management,   Quantity discount .

Supplier selection is naturally a complex multi-objective problem including both quantitative and qualitative factors. This paper deals with this issue from a new view point. A quantity discount situation, which plays a role of motivator for buyer, is considered. Moreover, in order to find a reasonable compromise solution for this problem, at first a multi-objective modeling is presented. Then a proposed fuzzy compromise programming is utilized to determine marginal utility function for each criterion. Also, group decision makers’ preferences have taken into account and the weight of each criterion has been measured by forming pair-wise comparison matrixes. Finally the proposed approach is conducted for a numerical example and its efficacy and efficiency are verified via this section. The results indicate that the proposed method expedites the generation of compromise solution .

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 In this research, a new control policy for the acceptance sampling problem is introduced. Decision is made based on the number of defectives items in an inspected batch. The objective of the model is to find a constant control level that minimizes the total costs, including the cost of rejecting the batch, the cost of inspection and the cost of defective items. The optimization is performed by approximating the negative binomial distribution with Poisson distribution and using the properties of binomial distribution. A solution method along with numerical demonstration on the application of the proposed methodology is presented. Furthermore, the results of sensitivity analysis show that the proposed method needs a large sample size .

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A three stage production system is considered in this paper. There are two stages to fabricate and ready the parts and an assembly stage to assembly the parts and complete the products in this system. Suppose that a number of products of different kinds are ordered. Each product is assembled with a set of several parts. At first the parts are produced in the first stage with parallel machines and then they are controlled and ready in the second stage and finally the parts are assembled in an assembly stage to produce the products. Two objective functions are considered that are: (1) to minimizing the completion time of all products (makespan), and (2) minimizing the sum of earliness and tardiness of all products (∑_i▒(E_i∕T_i ) . Since this type of problem is NP-hard, a new multi-objective algorithm is designed for searching locally Pareto-optimal frontier for the problem. To validate the performance of the proposed algorithm, in terms of solution quality and diversity level, various test problems are made and the reliability of the proposed algorithm, based on some comparison metrics, is compared with two prominent multi-objective genetic algorithms, i.e. NSGA-II and SPEA-II. The computational results show that performance of the proposed algorithms is good in both efficiency and effectiveness criterions.

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Today’s competition is promoted from firm against firm to supply chain versus supply chain, globalization and competition is a common phenomenon so each organization should make its supply chain as a weapon against the others, in doing so this paper presented a conceptual, graphical, step by step methodology to construct supply chain strategies by integrating strategic management’s theories, application and analysis and supply chain point of view to help managers to compete in the market.

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Abstract One of the basic assumptions in hub covering problems is considering the covering radius as an exogenous parameter which cannot be controlled by the decision maker. Practically and in many real world cases with a negligible increase in costs, to increase the covering radii, it is possible to save the costs of establishing additional hub nodes. Change in problem parameters during the planning horizon is one of the key factors causing the results of theoretical models to be impractical in real world situations. To dissolve this problem in this paper a mathematical model for dynamic single allocation hub covering problem is proposed in which the covering radius of hub nodes is one of the decision variables. Also Due to NP-Hardness of the problem and huge computational time required to solve the problem optimally an effective genetic algorithm with dynamic operators is proposed afterwards. Computational results show the satisfying performance of the proposed genetic algorithm in achieving satisfactory results in a reasonable time. Keywords: hub location problem, dynamic hub covering problem, flexible covering radius, dynamic genetic algorithm.

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This article addresses a single row facility layout problem where the objective is to optimize the arrangement of some rectangular facilities with different dimensions on a line. Regarding the NP-Hard nature of the considered problem, a hybrid meta-heuristic algorithm based on simulated annealing has been proposed to obtain a near optimal solution. A number of test problems are randomly generated and the results obtained by the proposed hybrid meta-heuristic are compared with exact solutions. The results imply that the proposed hybrid method provides more efficient solutions for the large-sized problem instances.

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In any supply chain, distribution planning of products is of great importance to managers. With effective and flexible distribution planning, mangers can increase the efficiency of time, place, and delivery utility of whole supply chain. In this paper, inventory routing problem (IRP) is applied to distribution planning of perishable products in a supply chain. The studied supply chain is composed of two levels a supplier and customers. Customers’ locations are geographically around the supplier location and their demands are uncertain and follow an independent probability distribution functions. The product has pre-determined fixed life and is to be distributed among customers via a fleet of homogenous vehicles. The supplier uses direct routes for delivering products to customers. The objective is to determine when to deliver to each customer, how much to deliver to them, and how to assign them to vehicle and routes. The mentioned problem is formulated and solved using a stochastic dynamic programming approach. Also, a numerical example is given to illustrate the applicability of proposed approach.

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The eternal need for humans' blood as a critical commodity makes the healthcare systems attempt to provide efficient blood supply chains (BSCs) by which the requirements are satisfied at the maximum level. To have an efficient supply of blood, an appropriate planning for blood supply chain is a challenge which requires more attention. In this paper, we address a mixed integer linear programming model for blood supply chain network design (BSCND) with the need for making both strategic and tactical decisions throughout a multiple planning periods. A robust programming approach is devised to deal with inherent randomness in parameters data of the model. To illustrate the usefulness of the model as well as its solution approach, it is tested into a set of numerical examples, and the sensitivity analyses are conducted. Finally, we employ two criteria: the mean and standard deviation of constraint violations under a number of random realizations to evaluate the performance of both the proposed robust and deterministic models. The results imply the domination of robust approach over the deterministic one.

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The fundamental function of a cellular manufacturing system (CMS) is based on definition and recognition of a type of similarity among parts that should be produced in a planning period. Cell formation (CF) and cell layout design are two important steps in implementation of the CMS. This paper represents a new nonlinear mathematical programming model for dynamic cell formation that employs the rectilinear distance notion to determine the layout in the continuous space. In the proposed model, machines are considered unreliable with a stochastic time between failures. The objective function calculates the costs of inter and intra-cell movements of parts and the cost due to the existence of exceptional elements (EEs), cell reconfigurations and machine breakdowns. Due to the problem complexity, the presented mathematical model is categorized in NP-hardness; thus, a genetic algorithm (GA) is used for solving this problem. Several crossover and mutation strategies are adjusted for GA and parameters are calibrated based on Taguchi experimental design method. The great efficiency of the proposed GA is then demonstrated via comparing with particle swarm optimization (PSO) and the optimum solution via GAMS considering several small/medium and large-sized problems. 

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Nowadays, competitive market creates the necessity of quality improvement in different levels of supply chains (SCs). This paper contributes to the SC coordination literature and proposes a bilateral coordination contract for optimizing pricing decisions along with quality improvement decisions in different echelons of a real case of a cell phone SC. The SC comprises a manufacturer who deals with determining the product quality, and a retailer who seeks for the optimal strategy on price, after-sale service and service level in a periodic review inventory system. The proposed bilateral wholesale price (BWP) contract is shown to be capable of simultaneous coordination of these decisions. The sensitivity analysis showed that in a market which is sensitive to quality and after-sale service as well as the product price, the proposed model facilitates investing more in such quality improvements while the members’ profitability with respect to the case without contracts is guaranteed. Moreover, it can increase the SC service level since it enables the members to hold more safety stock even under high inventory costs. Overall, the proposed coordination model on pricing, product quality, after-sale service and service level, leads to the optimal performance of the SC and its members while it is beneficial for the customers.

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There is still a great deal of attention in cellular manufacturing systems and proposing capable metaheuristics to better solve these complicated optimization models. In this study, machines are considered unreliable that life span of them follows a Weibull distribution. The intra and inter-cell movements for both parts and machines are determined using batch sizes for transferring parts are related to the distance traveled through a rectilinear distance. The objectives minimize the total cost of parts relocations and maximize the processing routes reliability due to alternative process routing. To solve the proposed problem, Genetic Algorithm (GA) and two recent nature-inspired algorithms including Keshtel Algorithm (KA) and Red Deer Algorithm (RDA) are employed. In addition, the main innovation of this paper is to propose a novel hybrid metaheuristic algorithm based on the benefits of aforementioned algorithms. Some numerical instances are defined and solved by the proposed algorithms and also validated by the outputs of exact solver. A real case study is also utilized to validate the proposed solution and modeling algorithms. The results indicate that the proposed hybrid algorithm is more appropriate than the exact solver and outperforms the performance of individual ones.

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The number of natural disasters and people affected by them has been increasing in recent years. The field of optimization is a significant element of a relief operation and has been extensively studied so far, especially during the last two decades. The design of a relief logistic network as a strategic decision and the relief distribution as an operational decision are the most important activities for disaster operation management before and after a disaster occurs. In the proposed mathematical model, pre-disaster decisions are determined according to the post-disaster decisions in a multi-stage stochastic problem. Then a well-known approach called branch and fixed coordination are applied to optimize the proposed model. The computational results confirm that the proposed approach has proper performance for disaster management in a multi-stage stochastic problem.

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The blood supply chain network is an especial case of the general supply chain network, which starts with the blood donating and ends with patients. Disasters such as earthquakes, floods, storms, and accidents usually event suddenly. Therefore, designing an efficient network for the blood supply chain network at emergencies is one of the most important challenging decisions for related managers. This paper aims to introduce a new blood supply chain network in disasters using the hub location approach. After introducing the last studies in blood supply chain and hub location separately, a new mixed-integer linear programming model based on hub location is presented for intercity transportation. Due to the complexity of this problem, two new methods are developed based on Particle Swarm Optimization and Differential Evolution algorithms to solve practical-sized problems. Real data related to a case study is used to test the developed mathematical model and to investigate the performance of the proposed algorithms. The result approves the accuracy of the new mathematical model and also the good performance of the proposed algorithms in solving the considered problem in real-sized dimensions. The proposed model is applicable considering new variables and operational constraints to more compatibility with reality. However, we considered the maximum possible demand for blood products in the proposed approach and so, lack of investigation of uncertainty conditions in key parameters is one of the most important limitations of this research.

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This study proposes an outsourcing mechanism for marketing plans in small and medium-sized enterprises (SMEs) using knowledge sharing.  SMEs may not be able to establish a marketing department due to operational expenditures. Therefore, organizing a marketing agency to handle marketing concerns of SMEs is significant. First, SMEs are clustered regarding their activity area, products, services, and etc. Then, for SMEs in a same cluster, the marketing agency should collect the required information to process marketing actions. The challenge is how to gather and deposit information in common among SMEs in a cluster. Knowledge sharing is one of the stages of knowledge management helping to distribute information among elements of a system. Thus, the process of knowledge sharing is investigated in outsourcing marketing activities. Accordingly, a questionnaire was prepared based on research hypotheses. After confirmation of validity and reliability, the questionnaire was given to managers and employees of furniture companies in Tehran province, Iran. The collected questionnaires were analyzed using SPSS software version 24.0.  According to the statistical sample of the research, descriptive statistics, and inferential statistics were analyzed. Descriptive statistics were used to describe the demographic characteristics of respondents. The inferential statistics, Kolmogorov-Smirnov test was used first for the test of normality of data. Considering normality of the data, T-student test was used to obtain the relationship between variables. Finally, the results of the research showed that there is a positive and significant relationship between outsourcing marketing in SMEs using knowledge sharing. Therefore, it is suggested that SMEs pay particular attention to outsourcing their marketing activities using knowledge sharing.

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Productions of the industries around the world depend on using equipment and machines. Therefore, it is vital to support the supply of equipment and spare parts for maintenance operations, especially in strategic industries that separate optimization of inventory management, supplier selection, network design, and planning decisions may lead to sub-optimal solutions. The integration of forward and reverse spare part logistics network can help optimize total costs. In this paper, a  mathematical model is presented for designing and planning an integrated forward-reverse repairable spare parts supply chain to make optimal decisions. The model considers the uncertainty in demand during the lead-time and the optimal assignment of repairable equipment to inspection, disassembly, and repair centers. A METRIC (Multi-Echelon Technique for recoverable Item Control) model is integrated into the forward-reverse supply chain to handle inventory management. A case study of National Iranian Oil Company (NIOC) is presented to validate the model. The non-linear constraints are linearized by using a linearization technique; then the model is solved by an iterative procedure in GAMS. A prominent outcome of the analyses shows that the same policies for repair and purchase of all the equipment and spare parts do not result in optimal solutions. Also, considering supply, repair, and inventory management decisions of spare parts simultaneously helps decision-makers enhance the supply chain's performance by applying a well-balanced repairing and purchasing policy.

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This paper aims to introduce a joint optimization approach for maintenance, quality, and buffer stock policies in single machine production systems based on a P control chart. The main idea is to find the optimal values of the preventive maintenance period, the buffer stock size, the sample size, the sampling interval, and the control limits simultaneously, such that the expected total cost per time unit is minimized. In the considered system, we have a fixed rate of production and stochastic machine breakdowns which directly affect the quality of the product. Periodic preventive maintenance (PM) is performed to reduce out-of-control states. In addition, corrective maintenance is required after finding each out-of-control state. A buffer is used to reduce production disturbances caused by machine stops. To ensure that demand is met during a preventive and corrective maintenance operation. All features of three sub-optimization problems including maintenance, quality control, and buffer stock policies are formulated and the proposed integrated approach is defined and modeled mathematically. In addition, an iterative numerical optimization procedure is developed to provide the optimal values for the decision variables. The proposed procedure provides the optimal values of the preventive maintenance period, the buffer stock size, the sample size, the sampling interval, and the control chart limits simultaneously, in a way that the total cost per time unit is minimized. Moreover, some sensitivity analyses are carried out to identify the key effective parameters.

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This paper proposes a data-driven method, using Artificial Neural Networks, to price financial options and compute volatilities, which speeds up the corresponding numerical methods. Prospects of the Stock Market are priced by the Black Scholes model, with the difference that the volatility is considered stochastic. So, we propose an innovative hybrid method to forecast the volatility and returns in Stock Market indices, which declare a model with a generalized autoregressive conditional heteroscedasticity framework. In addition, this research analyzes the impact of COVID-19 on the option, return, and volatility of the stock market indices. It also incorporates the long short-term memory network with a traditional artificial neural network and COVID-19 to generate better volatility and option pricing forecasts. We appraise the models' performance using the root second-order quadratic function means of the out-of-sample returns powers. The results illustrate that the autoregressive conditional heteroscedasticity forecasts can serve as informative features to significantly increase the predictive power of the neural network model. Integrating the long short-term memory and COVID-19 is an effective approach to construct proper neural network structures to boost prediction performance. Finally, we interpret the sensitivity of option prices concerning the market or model parameters, which are essential in practice.

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