Vendor managed inventory is a continuous replenishment program that is designed to provide major cost saving benefits for both vendors and retailers. Previous research on this area mainly included single objective optimization models where the objective is to minimize the total supply chain costs or to maximize the total supply chain benefits. This paper presents a bi-objective mathematical mod...

this paper presents a hybrid method for the optimization of forging process of an aerofoil blade. preform shape and die parting-line angle are optimized in order to minimize the volume of the unfilled die cavity, material waste, forging forces. the overall optimization scheme used in this research work includes a multi-objective approach that is combination of response surface and finite elemen...

This paper presents a multi-objective Particle Swarm Optimization (PSO) algorithm for worker assignment and mixed-model assembly line balancing problem when task times depend on the worker’s skill level. The objectives of this model are minimization of the number of stations (equivalent to the maximization of the weighted line efficiency), minimization of the weighted smoothness index and minim...

This paper presents a fuzzy multi-criteria decision-making (FMCDM) model by integrating both subjective and objective weights for ranking and evaluating the service quality in hotels. The objective method selects weights of criteria through mathematical calculation, while the subjective method uses judgments of decision makers. In this paper, we use a combination of weights ob...

Location decision is an integral part of organizational strategies involving many factorsthat may be conflicting in nature. This paper presents a holistic approach of the multi-criteria decisionmaking (MCDM) methodology to select the optimal location(s), which fits best for both investors andmanagers. A case study is also provided to illustrate the application of the proposed holistic approach....

design and expansion of distribution systems seems inevitable in view of the need to satisfy the rise in energy consumption in a technical and economical way. optimal location, sizing and determining the service area of substations is one of the principle problems in expansion of distribution systems. also uncertainty is one of the important factors that increase risk of exact decision makings....

This paper presents a multi-objective formulation for optimal siting and sizing of distributed generation (DG) resources in distribution systems in order to minimize the cost of power losses and energy not supplied. The implemented technique is based on a genetic algorithm (GA) and weight method that employed to obtain the best compromise between these costs. Simulation results on 33-bus distri...