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Research Paper | Management | India | Volume 6 Issue 7, July 2017 | Rating: 6.3 / 10

Managing Cost Uncertainty in Production Using Genetic Algorithm

Dr. Niju. P. Joseph | Redha Jasim Shaker

Abstract: Efficient and effective management of production cost is carried out by identifying the uncertainty in production planning in supply chain. Thus the determination of the uncertainty factors at various levels in a supply chain becomes inevitable so as to ensure minimal Cost for the manufacturing process. Minimizing the total supply chain cost is meant for minimizing labour, material and minimizing cost in the entire supply chain.

Keywords: Genetic Algorithm, Production

Edition: Volume 6 Issue 7, July 2017,

Pages: 163 - 167