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             Department of Systems Engineering and Engineering Management
                     The Chinese University of Hong Kong

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Date: Friday, February 5, 2021, 16:30 to 17:30

Title: Supply Chain Network Design with Coordinated Inventory Control

Speaker: Professor Anders Thorstenson, Aarhus University

Abstract:

In this presentation, we suggest models and solution methods for supply chain network design that not only integrate the location-transportation and inventory problems, but also consider the implementation of coordinated inventory control in the network. We compare two different strategies differentiated by whether or not coordinated inventory control is implemented. Due to the complexity of the optimization problems, we develop heuristic methods to solve the problems generated by the two strategies. The numerical results show the benefits of considering coordinated inventory control by reducing the inventory, as well as the total costs in the supply chain network. The structure of the network can also be affected by the coordinated inventory control. The effects are most pronounced when the inventory holding cost rate is high.

Biography:

Anders Thorstenson is a professor in the Department of Economics and Business Economics at the School of Business and Social Sciences, Aarhus University in Denmark, where he is part of CORAL – Cluster for O.R., Analytics, and Logistics. He has an M.Sc. in Industrial Management and Engineering, and a PhD in Production Economics, both from Linköping University in Sweden. Previously he has held faculty positions at Linköping University, Molde University College in Norway, Luleå Technical University in Sweden, and Aalborg University in Denmark, as well as sabbatical positions at University of Wisconsin, USA, and at Hong Kong Polytechnic University. His main interests are within Operations and Supply Chain Management, particularly Inventory Management and Performance Management.