Pricing and inventory decision in a two-layer supply chain under the Weibull distribution product deterioration: an application of NSGA-II.
Abhijit BarmanAshis Kumar ChakrabortyAdrijit GoswamiParthasarathi BanerjeePijus Kanti DePublished in: RAIRO Oper. Res. (2023)
Keyphrases
- supply chain
- nsga ii
- weibull distribution
- single product
- multi objective
- lead time
- pricing strategies
- customer demand
- decision making
- uncertain demand
- multi objective optimization
- evolutionary algorithm
- inventory control
- supply chain management
- test problems
- pareto optimal
- optimization problems
- optimization algorithm
- dynamic pricing
- periodic review
- production capacity
- inventory management
- planning horizon
- service level
- differential evolution
- optimal solution
- fitness function
- bullwhip effect
- pricing model
- operating costs
- replenishment policy
- bi objective
- genetic algorithm
- knapsack problem
- holding cost
- customer orders
- market conditions
- pricing mechanism
- revenue management
- inventory policy
- decision makers
- inventory level
- single item
- objective function
- multiple objectives
- inventory systems
- setup cost
- benchmark problems
- solution quality
- total cost
- expected profit
- branch and bound algorithm
- demand uncertainty
- tabu search
- lot sizing
- special case
- lower bound
- inventory holding