Optimization Models

Optimization Models

Optimization models of the supply chain are those models that codify the practical or real life issues into a mathematical model. The main objective to construct this mathematical model is to maximise or minimise an objective function. In addition to this, some constraints are added to these issues for defining the feasible region. We try to generateImage result for optimization models in supply chain an efficient algorithm that will examine all possible solutions and return the best solution in the end. Various supply chain optimisation models are as follows:
1. Mixed Integer Linear Programming
2. Stochastic modeling
3. Uncertainty modelling
4. Bi-level Optimization