Multi-objective optimization for preemptive & predictive supply chain operation

Abstract

At present, the manufacturing industry has undergone a tremendous change in its operating principle with respect to the supply chain management system where the demands of consumers are dynamically and exponentially rising. Although Industry 4.0 offers a significant solution to this principle with the aid of its predictive automated operating process, till date there is less number of fault tolerant model that can effectively meet the standard demands of supply chain planning. Therefore, the proposed system introduces an analytical model where predictive optimization is carried out towards bridging the gap between supply and demands in supply chain 4.0. An analytical framework is a design from constraints derived from practical environment in order to offer better applicability of it. The study outcome shows that the proposed model could offer better performance in comparison to the existing optimization method with respect to the better budget control system for offering predictive and preemptive model design.