Modelling a Dual-Objective Optimization Model for Cost Reduction and Disruption Risk Minimization in Automotive Supply Chains
DOI:
https://doi.org/10.11113/mjfas.v20n6.3545Keywords:
Dual-objective optimization, automotive supply chains, (NSGA-II), multi-modal transportation, disruption risks.Abstract
Dual-Objective Optimization model is vital in automotive supply chains (ASC) to emphasize multi-modal transportation under disruption scenarios at minimizing costs and disruption risks. In this context, the study evaluated the hypothetical and real-world data based on the deployment of the Non-dominated Sorting Genetic Algorithm II (NSGA-II) to understand the efficacy of incorporating multi-modal transportation to balance cost reduction and risk mitigation. The findings of Dual-Objective Optimization model revealed the model's superiority in identifying cost-effective transportation modes, offering a significant improvement over previous model. This research contributes to the mathematical modelling by providing a comprehensive framework for automotive supply chains, addressing operational efficiency and resilience against disruptions.
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