A survey on metaheuristics for stochastic combinatorial optimization
Natural Computing: an international journal
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Particle Swarm Optimization is a population based search strategy based on the idea of the simulation of bird flocks. In this paper we will introduce an application of the PSO to a management problem. The simulated stochastic 2-product-warehouse with the parameters order amount and safety stock is a capital oriented model with the goal to maximize the amount of money. PSO finds better values for order amount and safety stock compared to a partial enumeration of the problem parameters.