Genetic algorithms + data structures = evolution programs (2nd, extended ed.)
Genetic algorithms + data structures = evolution programs (2nd, extended ed.)
Fuzzy inventory with backorder for fuzzy order quantity
Information Sciences: an International Journal
Lot-sizing decisions under trade credit depending on the ordering quantity
Computers and Operations Research
Fundamentals of Computational Swarm Intelligence
Fundamentals of Computational Swarm Intelligence
Computers and Operations Research
A hybrid genetic - Particle Swarm Optimization Algorithm for the vehicle routing problem
Expert Systems with Applications: An International Journal
Fuzzy inventory model with two warehouses under possibility constraints
Fuzzy Sets and Systems
Weighted trapezoidal approximation-preserving cores of a fuzzy number
Computers & Mathematics with Applications
Mathematical and Computer Modelling: An International Journal
Mathematical and Computer Modelling: An International Journal
Computers & Mathematics with Applications
Computers and Industrial Engineering
Hi-index | 0.00 |
In this paper, a two-warehouse inventory model for deteriorating item with stock and selling price dependent demand has been developed. Above a certain (fixed) ordered label, supplier provides full permissible delay in payment per order to attract more customers. But an interest is charged by the supplier if payment is made after the said delay period. The supplier also offers a partial permissible delay in payment even if the order quantity is less than the fixed ordered label. For display of goods, retailer has one warehouse of finite capacity at the heart of the market place and another warehouse of infinite capacity (that means capacity of second warehouse is sufficiently large) situated outside the market but near to first warehouse. Units are continuously transferred from second warehouse to first and sold from first warehouse. Combining the features of Particle Swarm Optimization (PSO) and Genetic Algorithm (GA) a hybrid heuristic (named Particle Swarm-Genetic Algorithm (PSGA)) is developed and used to find solution of the proposed model. To test the efficiency of the proposed algorithm, models are also solved using another two established heuristic techniques and results are compared with those obtained using proposed PSGA. Here order quantity, refilling point at first warehouse and mark-up of selling price of fresh units are decision variables. Models are formulated for both crisp and fuzzy inventory parameters and illustrated with numerical examples.