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| Titel: |
Multi-objective inventory control using electromagnetism-like meta-heuristic |
| Auteur: |
Tsou, C. -S. Kao, C. -H. |
| Verschenen in: |
International journal of production research |
| Paginering: | Jaargang 46 (2008) nr. 14 pagina's 3859-3874 |
| Jaar: |
2008-07 |
| Inhoud: |
Most of the works on multi-objective inventory control unify the various objectives into a single objective such that lead to a compromise solution whose non-dominance is not guaranteed. This paper presents an algorithm based on Electromagnetism-like Mechanism (EM) to solve a multi-objective inventory control problem with cost and shortage minimization objectives. EM is a new meta-heuristic originated from the electromagnetism theory in physics; it simulates attraction and repulsion of charged particles in order to move towards the optimum. A framework, so called Multi-Objective EM (MOEM), is proposed to approximate the well-known efficient solutions of order size and safety stock without using any surrogate measure (e.g. service level or shortage cost) and prior preference information from decision-makers. To give a specific compromise solution, any outranking method can be implemented to prioritize the non-dominated solutions for decision-makers. Finally, this could be the first attempt to apply EM to multi-objective inventory control, even the inventory control problems. |
| Uitgever: |
Taylor & Francis |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
Details van artikel 88 van 129 gevonden artikelen
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