Research Article
Control Theory Concepts Applied to Retail Supply Chain: A System Dynamics Modeling Environment Study
Table 5
Parameter settings and results from optimization run with differential weights for the components of objective function.
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Optimization results |
Optimization 4-minimize unfilled orders and Finished Goods stocking of both SC partners—with 0.46, 0.04, 0.46, and 0.04 weights for ()
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| | Parameters | Safety stocks | Smoothing factor alpha/S1 | Unfilled orders |
| | Random normal optimized O4-supplier | 1.21 | 0.00 | 0 | | Random normal optimized O4-retailer | 1.18 | 0.00 | 0 | | Random uniform optimized O4-supplier | 1.33 | 0.99 | 0 | | Random uniform optimized O4-retailer | 1.27 | 0.06 | 0 | | Random upward optimized O4-supplier | 1.50 | 1.00 | 0 | | Random upward optimized O4-retailer | 1.31 | 0.11 | 0 | | Random downward optimized O4-supplier | 1.17 | 0.05 | 0 | | Random downward optimized O4-retailer | 1.22 | 0.00 | 0 | | Spiked optimized O4-supplier | 1.00 | 0.25 | 0 | | Spiked optimized O4-retailer | 1.00 | 0.00 | 300 | | Dipped optimized O4-supplier | 1.02 | 0.00 | 0 | | Dipped optimized O4-retailer | 1.01 | 0.00 | 0 |
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