EVOLUTIONARY MULTI-OBJECTIVE ALGORITHM FOR CONTINUOUS REVIEW STOCHASTIC INVENTORY SYSTEMS

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KHISHTANDAR SOHEILA; FARZAD FARHAD; ZANDIEH MOSTAFA

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Paper Information

Journal: JOURNAL OF INDUSTRIAL MANAGEMENT STUDIES Year:2011 | Volume:8 | Issue:20 Page(s): 81-99

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Title

EVOLUTIONARY MULTI-OBJECTIVE ALGORITHM FOR CONTINUOUS REVIEW STOCHASTIC INVENTORY SYSTEMS

Author(s)

KHISHTANDAR SOHEILA | FARZAD FARHAD | ZANDIEH MOSTAFA | Issue Writer Certificate

Keywords

INVENTORY CONTROL AND PLANNINGQ2

MULTI-OBJECTIVE OPTIMIZATIONQ2

EVOLUTIONARY ALGORITHMSQ2

Abstract

Different inventory control systems try to determine how much and when to order at the least relevant cost while maintaining a desirable service level for customers. In this article, a continuous review stochastic inventory system, with three objectives, is optimized. In this model, contrary to the traditional inventory models, customer service is not considered a shortage cost in the objective function. But the frequency of stock out occasions and the number of items stocked out annually are to be minimized. For determining the Pareto optimal set, multi-objective EVOLUTIONARY ALGORITHMS are used. First, NSGA-II, MOGA, VEGA, RWGA are developed. Then some improvements in NSGA-II mechanisms are made and R-NSGA-II is developed.Subsequently, these algorithms are examined for some criteria such as set coverage and spacing, and the best algorithms for each criteria are presented. The Result shows that R-NSGA-II has good scores for most criteria. Afterwards, Pareto optimal set is ranked using the method of global criteria.

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APA: Copy

KHISHTANDAR, SOHEILA, FARZAD, FARHAD, & ZANDIEH, MOSTAFA. (2011). EVOLUTIONARY MULTI-OBJECTIVE ALGORITHM FOR CONTINUOUS REVIEW STOCHASTIC INVENTORY SYSTEMS. JOURNAL OF INDUSTRIAL MANAGEMENT STUDIES, 8(20), 81-99. SID. https://sid.ir/paper/213144/en

Vancouver: Copy

KHISHTANDAR SOHEILA, FARZAD FARHAD, ZANDIEH MOSTAFA. EVOLUTIONARY MULTI-OBJECTIVE ALGORITHM FOR CONTINUOUS REVIEW STOCHASTIC INVENTORY SYSTEMS. JOURNAL OF INDUSTRIAL MANAGEMENT STUDIES[Internet]. 2011;8(20):81-99. Available from: https://sid.ir/paper/213144/en

IEEE: Copy

SOHEILA KHISHTANDAR, FARHAD FARZAD, and MOSTAFA ZANDIEH, “EVOLUTIONARY MULTI-OBJECTIVE ALGORITHM FOR CONTINUOUS REVIEW STOCHASTIC INVENTORY SYSTEMS,” JOURNAL OF INDUSTRIAL MANAGEMENT STUDIES, vol. 8, no. 20, pp. 81–99, 2011, [Online]. Available: https://sid.ir/paper/213144/en

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