Supply chains are exposed to many types of risks and it may not be obvious where to keep safety stocks in the supply chain to hedge against those risks, while maintaining a high customer service level. In this paper, we develop an approach to determine the safety stock levels in supply chain...

Recently a new simulation-based optimization benchmark of groundwater contaminant source localization problems has been introduced to the hydrogeological science community. Given information on contaminant concentration levels at each monitoring well and each time step, its objective is to...

Purpose: While simulation-based optimization has been discussed in theory and practically employed at container terminals, the different publications in this field have not yet been presented and compared in a structured manner. This paper gathers the latest developments and examine the...