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Material Supply Network Optimization in the Energy and Utility Industry

In: Handbook of Smart Energy Systems

Author

Listed:
  • Haitao Li

    (University of Missouri)

Abstract

The energy and utility industry has a significant need for efficient and resilient material supply networks in today’s competitive markets and volatile business environment. We identify three unique features and challenges in managing a utility company’s material supply network: contracting and business rules, rising and varying demands, and supply disruption risks. Mathematical programming based optimization models are presented to address them. A case study at a Fortune 500 utility company is presented to showcase the application of an integrated location-inventory optimization model and its capability for data-drive decision-support. Future research opportunities are discussed.

Suggested Citation

  • Haitao Li, 2023. "Material Supply Network Optimization in the Energy and Utility Industry," Springer Books, in: Michel Fathi & Enrico Zio & Panos M. Pardalos (ed.), Handbook of Smart Energy Systems, pages 1155-1173, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-97940-9_151
    DOI: 10.1007/978-3-030-97940-9_151
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