| SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES |
VOL. 11 |
NO. 1 |
PAPER 1 |
| |
A REVIEW ON HEURISTIC APPROACHES TO SOLVE COORDINATED PRODUCTION - DISTRIBUTION PROBLEMS
|
| |
| Ajitha Angusamy*, Mohamed K. Omar** and Anantharaman R.N.***
|
| * Faculty of Business, Multimedia University, Melaka, Malaysia |
| ** Nottingham University Business School, Melaka, Malaysia |
| *** Faculty of Business, Multimedia University, Melaka, Malaysia |
| |
| In the current competitive environment, companies need to be highly efficient in meeting customer demand at lower operational costs. As a result, companies are compelled to seek various ways to enhance their operations. Researchers realised that optimization of various departments separately would not guarantee overall optimization. This led the Researchers to focus on the effect of integrated approach and proven significant cost reduction on the overall operational costs. This paper provides a review on coordinated models in the literature and the role of heuristic approaches to solve such coordinated models. The article also identifies the areas that are rarely addressed in coordinated models and genetic algorithms. |
| |