An Inventory Replenishment Model for Deteriorating Items with Time-varying Demand and Shortages using Genetic Algorithm

• Autores: Mohd Omar, Noor Hasnah Moin, Ivan Yeo
• Localización: International journal of the computer, the internet and management, ISSN 0858-7027, Vol. 16, Nº. 2 (MAY-AGO), 2008, págs. 17-25
• Idioma: inglés
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• Resumen

  • In this paper, an inventory replenishment model for deteriorating items is developed. Demand for the item varies with time over a finite planning horizon, during which shortages are allowed and are completely back-ordered. The objective is to determine a replenishment policy that minimizes the total inventory cost. A search procedure based on Genetic Algorithm (GA) is presented and illustrated with some numerical results.