A bi-objective multi-period series-parallel inventory-redundancy allocation problem with time value of money and inflation considerations

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• 作者：Najmeh Alikar^a ; ^{Najme.alikar@gmail.com} ; Seyed Mohsen Mousavi^b ; ^{Mousavi.mohsen8@gmail.com} ; ^{mousavi@qiau.ac.ir} ; Raja Ariffin Raja Ghazilla^a ; ^{r_ariffin@um.edu.my} ; Madjid Tavana^c ; ^d ; ^{tavana@lasalle.edu} ; Ezutah Udoncy Olugu^e ; ^{olugu@ucsiuniversity.edu.my}
• 关键词：Multi-objective inventory system ; Redundancy allocation problem ; Inflation ; Time value of money ; CE-NRGA ; NSGA-II ; MOPSO
• 刊名：Computers & Industrial Engineering
• 出版年：2017
• 出版时间：February 2017
• 年：2017
• 卷：104
• 期：Complete
• 页码：51-67
• 全文大小：2550 K
• 卷排序：104

文摘

We formulate a multi-component multi-period series-parallel inventory redundancy allocation problem. We consider time value of money and inflation rate in optimizing the problem. We find the optimal order quantity for each subsystem by optimizing inventory costs and reliability, concurrently. CE-NRGA, NSGA-II, and MOPSO are used to solve the SPIRAP. Numerical examples demonstrate the applicability of the algorithms.