Efficient Inventory Optimization of Multi Product, Multiple Suppliers with Lead Time using PSO
S. NarmadhaV. SelladuraiG. SathishPublished in: CoRR (2010)
Keyphrases
- lead time
- supply chain
- single product
- holding cost
- service level
- customer demand
- multi echelon
- inventory systems
- expected profit
- production capacity
- single item
- lot sizing
- inventory control
- setup cost
- inventory level
- supply chain management
- infinite horizon
- lost sales
- base stock policy
- assembly systems
- planning horizon
- stochastic lead times
- inventory management
- periodic review
- total cost
- particle swarm optimization
- stochastic demand
- multi item
- dual sourcing
- reorder point
- inventory costs
- optimal base stock levels
- multi objective
- replenishment policy
- order quantity
- production planning
- random variables
- probability distribution