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

Mohd Omar, Noor Hasnah Moin, Ivan Yeo

• 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.