Heuristic algorithm for a multiple item inventory system with uncertain demands and probabilistic resource constraints
Multiple item inventory system with uncertain demands was considered in this paper, a probabilistic constraint was applied to multiple item (Q,R) ordering policy based on previous research on single period multiple item inventory system with linear constraints, and a heuristic algorithm was developed to improves warehouse and capital management. The results of the proposed approach show that over 20% of inventory cost s is saved compared with other methods for the same purpose without further resoure consumption, the proposed approach is very effective and competitive.
Multiple item inventory system probabilistic resource constraints (Q, R) ordering policy heuristic algorithm component
Liang Nai-wen Liu Chang-shi
Probability Theory and Mathematical Statistics Research Laboratory of Mathematics Science and Comput Management School,Hunan University of Commerce,Changsha, China
国际会议
2011 International Conference on Electronics and Optoelectronics(2011电子学与光电子学国际会议 ICEOE 2011)
大连
英文
1259-1261
2011-07-29(万方平台首次上网日期,不代表论文的发表时间)