Please use this identifier to cite or link to this item: https://doi.org/10.1016/S1570-7946(10)28023-9
Title: Simulation-optimization for business decision support in a global specialty chemicals enterprise
Authors: Tan, J.H.
Adhitya, A.
Srinivasan, R. 
Keywords: Dynamic simulation
Multi-site
NSGA-II
Optimization
Specialty chemicals
Issue Date: 2010
Source: Tan, J.H.,Adhitya, A.,Srinivasan, R. (2010). Simulation-optimization for business decision support in a global specialty chemicals enterprise. Computer Aided Chemical Engineering 28 (C) : 133-138. ScholarBank@NUS Repository. https://doi.org/10.1016/S1570-7946(10)28023-9
Abstract: To tap on the vast business opportunities offered by globalization, companies are increasingly shifting from single-site manufacturing to multi-site enterprise operation. This results in a more complex supply chain structure, involving numerous entities in different locations with intricate dynamics. The optimization of such systems is not amenable to mathematical programming approaches. In this paper, we propose a simulation-optimization framework for business decision support in a global specialty chemicals enterprise. A dynamic simulation model is used to capture the behavior of the entities, their interactions, the various uncertainties, and the resulting dynamics. Optimization is done by coupling simulation with a non-dominated sorting genetic algorithm, implemented in a parallel computing environment for computational efficiency. The application of the proposed approach for business decision support are demonstrated in two case studies. © 2010 Elsevier B.V.
Source Title: Computer Aided Chemical Engineering
URI: http://scholarbank.nus.edu.sg/handle/10635/64593
ISSN: 15707946
DOI: 10.1016/S1570-7946(10)28023-9
Appears in Collections:Staff Publications

Show full item record
Files in This Item:
There are no files associated with this item.

SCOPUSTM   
Citations

1
checked on Dec 12, 2017

Page view(s)

27
checked on Dec 8, 2017

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.