Inventory management under stochastic conditions with multiple objectives
نویسنده
چکیده
In this research, a complex inventory system has been analyzed under uncertain situations. The item deterioration has been considered and the shortages are allowable. The objectives of the problem are: (1) Minimization of the total present value of costs over time horizon and (2) Decreasing the total quantity of goods in the warehouse over time horizon. The numerical examples are used for evaluation and validation of the theoretical results.
منابع مشابه
Optimization of the Inflationary Inventory Control Model under Stochastic Conditions with Simpson Approximation: Particle Swarm Optimization Approach
In this study, we considered an inflationary inventory control model under non-deterministic conditions. We assumed the inflation rate as a normal distribution, with any arbitrary probability density function (pdf). The objective function was to minimize the total discount cost of the inventory system. We used two methods to solve this problem. One was the classic numerical approach which turne...
متن کاملVendor Managed Inventory of a Single-vendor Multiple-retailer Single-warehouse Supply Chain under Stochastic Demands
In this study, a vendor-managed inventory model is developed for a single-vendor multiple-retailer single-warehouse (SV-MR-SV) supply chain problem based on the economic order quantity in which demands are stochastic and follow a uniform probability distribution. In order to reduce holding costs and to help balanced on-hand inventory cost between the vendor and the retailers, it is assumed that...
متن کاملA multiple objective approach for joint ordering and pricing planning problem with stochastic lead times
The integration of marketing and demand with logistics and inventories (supply side of companies) may cause multiple improvements; it can revolutionize the management of the revenue of rental companies, hotels, and airlines. In this paper, we develop a multi-objective pricing-inventory model for a retailer. Maximizing the retailer's profit and the service level are the objectives, and shorta...
متن کاملThreshold F-policy and N-policy for multi-component machining system with warm standbys
The integration of marketing and demand with logistics and inventories (supply side of companies) may cause multiple improvements; it can revolutionize the management of the revenue of rental companies, hotels, and airlines. In this paper, we develop a multi-objective pricing-inventory model for a retailer. Maximizing the retailer's profit and the service level are the objectives, and shorta...
متن کاملOptimal Inventory Control Problem with Inflation-Dependent Demand Rate Under Stochastic Conditions
The practical experiences reveal that the Supply Chain Management (SCM) is under uncertain and variable conditions. One of the most important parts of SCM is inventory system management which is inherently in non-deterministic situation. The many departments of organization such as warehouse, marketing, sale, purchasing, financial, planning, production, maintenance and etc. are relevance to the...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید
ثبت ناماگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید
ورودعنوان ژورنال:
- Artif. Intell. Research
دوره 2 شماره
صفحات -
تاریخ انتشار 2013