Inventory management under stochastic conditions with multiple objectives

A. Mirzazadeh

Abstract


In this research, a complex inventory system has been analyzed under uncertain situations. The item deterioration has been considered and the shortages are allowable. The objectives of the problem are: (1) Minimization of the total present value of costs over time horizon and (2) Decreasing the total quantity of goods in the warehouse over time horizon. The numerical examples are used for evaluation and validation of the theoretical results.


Full Text: PDF DOI: 10.5430/air.v2n3p16

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Artificial Intelligence Research

ISSN 1927-6974 (Print)   ISSN 1927-6982 (Online)

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