in this paper, a multi-product continues review inventory control problem within batch arrival queuing approach (mqr/m/1) is modeled to find the optimal quantities of maximum inventory. the objective function is to minimize summation of ordering, holding and shortage costs under warehouse space, service level, and expected lost-sales shortage cost constraints from retailer and warehouse viewpoi...

This paper considers a multi-objective portfolio selection problem imposed by gaining of portfolio, divided yield and risk control in an ambiguous investment environment, in which the return and risk are characterized by probabilistic numbers. Based on the theory of possibility, a new multi-objective portfolio optimization model with gaining of portfolio, divided yield and risk control is propo...

In this paper, instead of the classical approach to the multi-criteria location selection problem, a new approach was presented based on selecting a portfolio of locations. First, the indices affecting the selection of maintenance stations were collected. The K-means model was used for clustering the maintenance stations. The optimal number of clusters was calculated through the Silhou...

We extend knowledge gradient (KG) policy for the multi-objective, multi-armed bandits problem to efficiently explore the Pareto optimal arms. We consider two partial order relationships to order the mean vectors, i.e. Pareto and scalarized functions. Pareto KG finds the optimal arms using Pareto search, while the scalarizations-KG transform the multi-objective arms into one-objective arm to fin...

In this paper, we develop a multi-objective model to optimally control the lead time of a multi-stage assembly system, using genetic algorithms. The multi-stage assembly system is modelled as an open queueing network. It is assumed that the product order arrives according to a Poisson process. In each service station, there is either one or infinite number of servers (machines) with exponential...

The Optimal Power Flow (OPF) is important problem in electric power systems and OPF is a static, non – linear optimization problem of determining the optimal settings of control variables for minimization the cost of generation including sine components, piecewise quadratic cost curve, transmission losses, voltage profile optimization and power flow deviations are proposed in this paper. The OP...

Multi-objective optimization problem finds out optimal objects w.r.t. several objectives rather than a single objective. We propose a new problem called a multi-objective optimal combination problem (MOC problem) which finds out object combinations w.r.t. multiple objectives. A combination dominates another combination if it is not worse than anther one in all attributes and better than another...