2nd European International Conference on Industrial Engineering and Operations Management

Maximization of profits in import activities through a hybrid algorithm based on fictional games with multiple suppliers

Adriana Moros-Daza
Publisher: IEOM Society International
0 Paper Citations
1 Views
1 Downloads
Track: Logistics, Transport and Traffic Management
Abstract

An economy becomes competitive if it manages to optimize its logistics operations and to achieve a higher level of competitively is important to improve the foreign trade activities of a country. One of the most representative foreign trade activities of a country is the import activity, which ends up hindering the net gains if the adequate logistic optimization is not achieved. One way to address such optimization is through collaboration through game theory or fictional games. This article proposes a model to optimize and maximize profits of different players, taking into account the costs associated with the import of goods and scenarios with multiple suppliers eligible for the dispatch of the desired product. For this analysis, a hybrid algorithm composed of two parts is proposed, the first is responsible for determining the vendor and the international transactional conditions and the second is the solution of the fictional games. The results demonstrate that can be achieved economic benefits with the application of the model, on average the profits can be increased  22.2%, this was found after developing 100 problems with different parameters.

Published in: 2nd European International Conference on Industrial Engineering and Operations Management, Paris, France

Publisher: IEOM Society International
Date of Conference: July 26-27, 2018

ISBN: 978-1-5323-5945-3
ISSN/E-ISSN: 2169-8767