Application of the NSGA-II algorithm to a multi-period inventory-redundancy allocation problem in a series-parallel system
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文摘
An inventory control system employing an all-unit discount policy is considered in the proposed model. The proposed model considers limited total budget, storage space, transportation capacity, and total weight. Moreover, a penalty function is used to penalize infeasible solutions. The overall goal is to find the optimal number components purchased for each subsystem so that the total costs including ordering cost, holding cost and purchasing cost are minimized and the system reliability are maximized, simultaneously. A NSGA-II algorithm is derived where a multi-objective particle swarm optimization and a multi-objective harmony search algorithm are used to evaluate the NSGA-II results.
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