Design and Application of Genetic Algorithm Based on Signal Game and Newsboy Model for Optimizing Supply Chain

Reasonable communication and cooperation between enterprises are helpful for the efficient operation of a supply chain. To explore the maximum utility of an entire supply chain, we propose a supplier-manufacturer-seller supply-chain game decision-making model. We use the model as the fitness functio...

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Main Authors: Yue Zhao, Yang Shen, Jiaqi Yan
Format: Article
Language:English
Published: Wiley 2021-01-01
Series:Discrete Dynamics in Nature and Society
Online Access:http://dx.doi.org/10.1155/2021/6144258
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author Yue Zhao
Yang Shen
Jiaqi Yan
author_facet Yue Zhao
Yang Shen
Jiaqi Yan
author_sort Yue Zhao
collection DOAJ
description Reasonable communication and cooperation between enterprises are helpful for the efficient operation of a supply chain. To explore the maximum utility of an entire supply chain, we propose a supplier-manufacturer-seller supply-chain game decision-making model. We use the model as the fitness function of a genetic algorithm that calculates the optimal solution and optimizes the total utility parameters. We analyze the theoretical and practical properties of the supply-chain optimization process and implement it in MATLAB, which provides quantitative support and useful references for making business decisions and optimally managing a supply chain.
format Article
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institution Kabale University
issn 1026-0226
1607-887X
language English
publishDate 2021-01-01
publisher Wiley
record_format Article
series Discrete Dynamics in Nature and Society
spelling doaj-art-a12ebe69b2eb455baffcce76022896e12025-02-03T01:24:42ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2021-01-01202110.1155/2021/61442586144258Design and Application of Genetic Algorithm Based on Signal Game and Newsboy Model for Optimizing Supply ChainYue Zhao0Yang Shen1Jiaqi Yan2School of Journalism and Communication, Tsinghua University, Beijing 100084, ChinaSchool of Journalism and Communication, Tsinghua University, Beijing 100084, ChinaSchool of Journalism and Communication, Tsinghua University, Beijing 100084, ChinaReasonable communication and cooperation between enterprises are helpful for the efficient operation of a supply chain. To explore the maximum utility of an entire supply chain, we propose a supplier-manufacturer-seller supply-chain game decision-making model. We use the model as the fitness function of a genetic algorithm that calculates the optimal solution and optimizes the total utility parameters. We analyze the theoretical and practical properties of the supply-chain optimization process and implement it in MATLAB, which provides quantitative support and useful references for making business decisions and optimally managing a supply chain.http://dx.doi.org/10.1155/2021/6144258
spellingShingle Yue Zhao
Yang Shen
Jiaqi Yan
Design and Application of Genetic Algorithm Based on Signal Game and Newsboy Model for Optimizing Supply Chain
Discrete Dynamics in Nature and Society
title Design and Application of Genetic Algorithm Based on Signal Game and Newsboy Model for Optimizing Supply Chain
title_full Design and Application of Genetic Algorithm Based on Signal Game and Newsboy Model for Optimizing Supply Chain
title_fullStr Design and Application of Genetic Algorithm Based on Signal Game and Newsboy Model for Optimizing Supply Chain
title_full_unstemmed Design and Application of Genetic Algorithm Based on Signal Game and Newsboy Model for Optimizing Supply Chain
title_short Design and Application of Genetic Algorithm Based on Signal Game and Newsboy Model for Optimizing Supply Chain
title_sort design and application of genetic algorithm based on signal game and newsboy model for optimizing supply chain
url http://dx.doi.org/10.1155/2021/6144258
work_keys_str_mv AT yuezhao designandapplicationofgeneticalgorithmbasedonsignalgameandnewsboymodelforoptimizingsupplychain
AT yangshen designandapplicationofgeneticalgorithmbasedonsignalgameandnewsboymodelforoptimizingsupplychain
AT jiaqiyan designandapplicationofgeneticalgorithmbasedonsignalgameandnewsboymodelforoptimizingsupplychain