Supply chain master planning considering material-financial flows

Abstract

In this study, tactical decisions considering the material and financial flows in a supply chain have been made. To achieve these aims and some effective solutions, a multi-objective mathematical model proposed for an integrated supply chain master planning problem. The multi-product, multi-period and capacitated supply chain network has three objective functions. Two first objective functions are maximizing the net present value of manufacturing centers and suppliers' cash flow, and the third one minimizes the market price of the final product. Besides we considered the market price as a key variable in the model and investigate its effects. Then, improved multi-choice goal programming is used to transform the multi-objective model to its single-objective one. To find out the appropriateness of the proposed model, the results of an industrial example are illustrated, and sensitivity analyses to evaluate the results are provided to obtain better insight and access to different aspects of the problem.