Profit optimisation in three echelon supply chain revenue management through new heuristic optimiser. (12th February 2009)

• Record Type: Journal Article
• Authors: Kadadevaramath, R.S.; Prasad, P.S.S.; Mohanasundaram, K.M.; Immanuel, E.A.; , K. Rameshkumar
• Is Part Of: International journal of revenue management. Volume 3:Number 1(2009)
• Page Start: 79
• Page End: 101
• Publication Date: 2009-02-12
• Subjects: PSO -- particle swarm optimisation -- penalty parameters -- penalty terms -- revenue management -- SCM -- supply chain management -- supply chain design -- supply chain revenue; Revenue management -- Periodicals; Business enterprises -- Finance -- Periodicals; 658.1554
• Languages: English
• ISSNs: 1474-7332

Abstract

In recent years, many of the developments in supply chain revenue management are connected to the need of information of efficient supply chain flow; modelling and optimisation, are most important in order to maximise the profit of supply chain because the cost of material, manufacturing and distribution and inventory accounts for 70-80% value of the product. Hence, tactical supply chain design has become a major challenge for firms so as to improve the revenue of the organisation. Particle swarm optimisation is used to optimise the supply chain operations with the objective of maximising the profit of the supply chain revenue.