In real-world applications, costs for products are not deterministic: neither static nor dynamic. They actually tend to be non-stationary and cross-correlated. To overcome this drawback, there have been some efforts by researchers to extend the Wagner–Whitin algorithm to consider stochastic costs. However, they assume that the information of probability density function of random costs exists. ...

the multiple traveling salesman problem (mtsp) involves scheduling m > 1 salesmen to visit a set of n > m nodes so that each node is visited exactly once. the objective is to minimize the total distance traveled by all the salesmen. the mtsp is an example of combinatorial optimization problems, and has a multiplicity of applications, mostly in the areas of routing and scheduling. in this paper,...

Dynamic lot sizing problem is one of the significant problem in industrial units and it has been considered by  many researchers. Considering the quantity discount in  purchasing cost is one of the important and practical assumptions in the field of inventory control models and it has been less focused in terms of stochastic version of dynamic lot sizing problem. In  this paper, stochastic dyn...

This paper proposes a novel hybrid algorithm namely APSO-BFO which combines merits of Bacterial Foraging Optimization (BFO) algorithm and Adaptive Particle Swarm Optimization (APSO) algorithm to determine the optimal PID parameters for control of nonlinear systems. To balance between exploration and exploitation, the proposed hybrid algorithm accomplishes global search over the whole search spa...