Article
Development of Evolutionary Algorithm for Multi-Criteria Optimization in Assembly Based Shop
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Abstract
Effective inventory management is a crucial aspect of a successful business practice. The inventory management is needed as being a portion of supply chain network to guard the manufacturing program towards any type of disturbance. Moreover, it also prevents the system from working out of stock, components and products. Inventory mismanagement can be detrimental to a business, especially considering the weight these items carry. Inventories that run out of control can lead to significant losses that the company may not be able to recoup. Considerable investment is required to develop adequate stock. Poorly managed supplies lead to profit loss. In this paper it is proposed to carry out the development of multi criteria algorithm for a specific case study. These heuristics are tested and inferences will be made.
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Published by: Engineering Journals


