Optimization and inventory management under stochastic demand using metaheuristic algorithm.

This study considers multi-period inventory systems for optimizing profit and storage space under stochastic demand. A nonlinear programming model based on random demand is proposed to simulate the inventory operation. The effective inventory management system is realized using a multi-objective gre...

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Bibliographic Details
Main Authors: Nguyen Duy Tan, Hwan-Seong Kim, Le Ngoc Bao Long, Duy Anh Nguyen, Sam-Sang You
Format: Article
Language:English
Published: Public Library of Science (PLoS) 2024-01-01
Series:PLoS ONE
Online Access:https://journals.plos.org/plosone/article/file?id=10.1371/journal.pone.0286433&type=printable