A Binary Particle Swarm Optimization Algorithm for Lot Sizing Problem.

This paper presents a binary particle swarm optimization algorithm for the lot sizing problem. The problem is to find order quantities which will minimize the total ordering and holding costs of ordering decisions. Test problems are constructed randomly, and solved optimally by Wagner and Whitin Alg...

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Publicado en:Journal of Economic & Social Research Vol. 5; no. 2; pp. 1 - 21
Autores principales: Taşgetiren, M. Fatih, Yun-Chia Liang
Formato: Artículo
Publicado: Department of Economics at Fatih University 2003
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: A Binary Particle Swarm Optimization Algorithm for Lot Sizing Problem.
      aug:
        au:
          Taşgetiren, M. Fatih
          Yun-Chia Liang
        affil:
          Management Department, Fatih University, 34500 Buyukcekmece, Istanbul, Turkey.
          Department of Industrial Engineering and Management, Yuan Ze University No 135 Yuan-Tung Road, Chung-Li, Taoyuan County, Taiwan 320, R.O.C.
      su:
        Economic lot size
        Genetic algorithms
        Cost control
        Binary number system
        Inventory control
        Combinatorial optimization
      sug:
        subj:
          All Other Support Services
          Process, Physical Distribution, and Logistics Consulting Services
          Economic lot size
          Genetic algorithms
          Cost control
          Binary number system
          Inventory control
          Combinatorial optimization
      keyword:
        Evolutionary Algorithms.
        Genetic algorithm
        Lot sizing
        Particle swarm optimization
        Evolutionary Algorithms.
        Genetic algorithm
        Lot sizing
        Particle swarm optimization
      ab: This paper presents a binary particle swarm optimization algorithm for the lot sizing problem. The problem is to find order quantities which will minimize the total ordering and holding costs of ordering decisions. Test problems are constructed randomly, and solved optimally by Wagner and Whitin Algorithm. Then a binary particle swarm optimization algorithm and a traditional genetic algorithm are coded and used to solve the test problems in order to compare them with those of optimal solutions by the Wagner and Whitin algorithm. Experimental results show that the binary particle swarm optimization algorithm is capable of finding optimal results in almost all cases.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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