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Research Journal of Recent Sciences
The purpose of this study is to minimize the cost of production stoppages as well as the penalty cost caused because of delays in the delivery of the products. We consider a five-level supply chain network and customize it for a car manufacturer. To improve this system, we develop an approach which consists of two stages. In the first stage, a long-term model is developed to minimize the total cost of the supply chain. Key decisions in this model include determination of the optimal number asfatcat:23rml3364zdddgjorqeuk6jkky