Background: The inventory control practice of deteriorating food products that are subject to an expiration date is a challenging process. Inappropriate leads substantial waste and significant holding purchasing costs. Purpose: This paper aims develop model-based Genetic Algorithm (GA) minimize the Total Annual Inventory Cost (TAIC) function developed explicitly for proposed model. Methodology:...

In today’s digital age, industrial methods are shifting away from humans and toward machines. We choose automated systems for various jobs related to production systems, such as screening, manufacturing. A smart manufacturing system is one in which machines take the place of humans. Under influence inflation, this study proposes a production-inventory model with partial backlogging, an imperfec...

in this research two models for pricing and inventory decisions of complementary products with and without deterioration assumption are developed. in both of them, we assumed that the demand function of each product is dependent on own price and the price of another one. the aim of this paper is to optimize the total profit of integrated system such that the optimal values for the price of each...

A deterministic inventory model with two levels of storage (own warehouse and rented warehouse) with non-instantaneous deteriorating items is studied. The supplier offers the retailer a trade credit period to settle the amount. Different scenarios based on the deterioration and the trade credit period have been considered. In this article, we have framed two models considering single warehouse ...

An inventory model for a deteriorating item with price sensitive demand is developed under deterioration rate, which is assumed to follow weibull distribution with known parameter. In addition, we allow for multiple price changes about an item, but the number of price changes isn’t given. The purpose of this paper is to find the optimal number of price settings, the optimal dynamic prices and t...

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 evalu...