An Optimization Model of Yacht Service Supply Chain Using Particle Swarm Optimization and Cash-to-Cash Cycle
The traditional supply chain as well as the service supply chain is also important as the service industry is growing. Also, among service industries, anybody who enjoys yacht leisure is increasing in accordance with the increased income and culture level. This study, therefore, proposes an optimization model which makes the all companies of a yacht service supply chain can do win-win at the same time. In a yacht service supply chain, all parties ‘profit evaluation uses C2C (Cash-to-Cash) cycle, which explains the financial terms and the parties’ total optimization uses PSO (Particle Swarm Optimization) method.
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Document Type: Research Article
Affiliations: Department of Business Administration, Gwangju University, Korea
Publication date: November 1, 2016
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