A new contagious disease or unidentified COVID-19 variants could provoke a new collapse in the global economy. Under such conditions, companies, factories, and organizations must adopt reopening policies that allow their operations to reduce economic effects. Effective reopening policies should be designed using mathematical models that emulate infection chains through individual interactions.
View Article and Find Full Text PDFIn supply chain management, fast and accurate decisions in supplier selection and order quantity allocation have a strong influence on the company's profitability and the total cost of finished products. In this paper, a novel and non-linear model is proposed for solving the supplier selection and order quantity allocation problem. The model is introduced for minimizing the total cost per time unit, considering ordering, purchasing, inventory, and transportation cost with freight rate discounts.
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