In this paper we shall discuss with the optimal ordering policy for two warehouse inventory model of non-instantaneous deteriorating items and stock-dependent demand. Here shortage is not allowed. Here the holding and deteriorating costs in both warehouses are different and assumed that the holding cost in the RW(rented warehouse) than in the OW(owned warehouse) the optimal solution are shown. ...

In the era of meager profit, production costs often become an important factor affecting SMEs’ operating conditions, and how to effectively reduce production costs has become an issue of in-depth consideration for the business owners. Especially, the food and beverage (F&B) industry cannot accurately predict the demand. It many cause demand forecast fall and excess or insufficient inventory pre...

We study the global optimal solution for a planning problem of inventory control of perishable products and non-stationary demand.

For a single product, single-stage capacitated production-inventory model with stochas-tic, periodic (cyclic) demand, we nd the optimal policy and characterize some of its properties. We study the nite-horizon, the discounted innnite-horizon and the innnite-horizon average cases. A simulation based optimization method is provided to compute the optimal parameters. Based on a numerical study, se...

As manufacturers in various industries evolve toward predominantly make-to-order production to better serve their customers’ needs, increasing product mix flexibility emerges as a necessary strategy to provide adequate market responsiveness. However, the implications of increased flexibility on overall system performance are widely unknown. We develop analytical models and an optimization-based...

This paper developed integrated production–inventory-marketing models for a two-stage supply chain consisting of one vendor and one buyer. The aim of the paper was to decrease the inconsistency between theory and practice of inventory management by relaxing some unrealistic assumptions such as constant demand and fully perfect items that make the models practically impossible for real-life prob...

Motivated by a problem faced by a large manufacturer of a consumer product, we explore the interaction between production planning and capacity acquisition decisions in environments with demand growth. We study a firm producing multiple items in a multiperiod environment where demand for items is known but varies over time with a long-term growth and possible short-term fluctuations. The produc...

Due to the illiquidity of inventories pledged, the essential of price risk management of supply chain finance is to long-term price risk measure. Long memory in volatility, which attests a slower than exponential decay in the autocorrelation function of standard proxies of volatility, yields an additional improvement in specification of multi-period volatility models and further impact on the t...

Modern business environment focuses on improving the operational efficiency of supplier, retailer and customers through integrating their inventory. Although a smoothly running integrated inventory system is ideal, the reality is to deal with imperfectness in transportation. In actual production environments, inventory items are not perfect and defectiveness occurs in random process.  In this p...

This paper introduces Dafo, a new multi-agent framework for evolutionary optimization relying on a competitive coevolutionary genetic algorithm, aka LCGA (Loosely Coupled Genetic Algorithm). We describe our solution, discuss of the potential advantages of using an agent based approach and present some results on a real case study: i.e. Inventory Control Parameter (ICP) optimization problem.