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Information Journal Paper

Title

A MULTI-PERIODIC MULTI-PRODUCT INVENTORY CONTROL PROBLEM WITH DISCOUNT: GA OPTIMIZATION ALGORITHM

Pages

  37-44

Abstract

 In this article, a finite horizon, multi product and multi period economic order quantity like seasonal items is considered where demand rate is deterministic and known but variable in each period. The order quantities of items come in batch sizes and the end of the period order quantity and, consequently, demand of customers are zero. In addition, storage space is constrained and the problem was considered under all units discount (AUD) policy. The modeling technique used for this problem is mixed binary integer programming. The objective was to find the minimization optimal order quantities under TIME VALUE OF MONEY over the finite horizon. The INVENTORY CONTROL SYSTEM costs include three costs: ordering cost, holding cost, and purchase cost. In order to solve the proposed model, a GENETIC ALGORITHM (GA) is applied. Finally, we provide a number of examples in order to illustrate the algorithms further.

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    APA: Copy

    MOUSAVI, SEYED MOHSEN, & PASANDIDEH, SEYED HAMIDREZA. (2011). A MULTI-PERIODIC MULTI-PRODUCT INVENTORY CONTROL PROBLEM WITH DISCOUNT: GA OPTIMIZATION ALGORITHM. JOURNAL OF OPTIMIZATION IN INDUSTRIAL ENGINEERING (JOURNAL OF INDUSTRIAL ENGINEERING), 4(1 (7)), 37-44. SID. https://sid.ir/paper/624369/en

    Vancouver: Copy

    MOUSAVI SEYED MOHSEN, PASANDIDEH SEYED HAMIDREZA. A MULTI-PERIODIC MULTI-PRODUCT INVENTORY CONTROL PROBLEM WITH DISCOUNT: GA OPTIMIZATION ALGORITHM. JOURNAL OF OPTIMIZATION IN INDUSTRIAL ENGINEERING (JOURNAL OF INDUSTRIAL ENGINEERING)[Internet]. 2011;4(1 (7)):37-44. Available from: https://sid.ir/paper/624369/en

    IEEE: Copy

    SEYED MOHSEN MOUSAVI, and SEYED HAMIDREZA PASANDIDEH, “A MULTI-PERIODIC MULTI-PRODUCT INVENTORY CONTROL PROBLEM WITH DISCOUNT: GA OPTIMIZATION ALGORITHM,” JOURNAL OF OPTIMIZATION IN INDUSTRIAL ENGINEERING (JOURNAL OF INDUSTRIAL ENGINEERING), vol. 4, no. 1 (7), pp. 37–44, 2011, [Online]. Available: https://sid.ir/paper/624369/en

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