The Combination of Discrete-Event Simulation and Genetic Algorithm for Solving the Stochastic Multi-Product Inventory Optimization Problem

The paper describes an eventual combination of discrete-event simulation and genetic algorithm to define the optimal inventory policy in stochastic multi-product inventory systems. The discrete-event model under consideration corresponds to the just-in-time inventory control system with a flexible r...

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Bibliographic Details
Main Authors: Jackson Ilya, Tolujevs Jurijs, Reggelin Tobias
Format: Article
Language:English
Published: Sciendo 2018-09-01
Series:Transport and Telecommunication
Subjects:
Online Access:https://doi.org/10.2478/ttj-2018-0020