International Journal of Computer Applications |
Foundation of Computer Science (FCS), NY, USA |
Volume 25 - Number 8 |
Year of Publication: 2011 |
Authors: Priya P, Dr.K.Iyakutti |
10.5120/3052-4155 |
Priya P, Dr.K.Iyakutti . Web based Multi Product Inventory Optimization using Genetic Algorithm. International Journal of Computer Applications. 25, 8 ( July 2011), 23-28. DOI=10.5120/3052-4155
This paper presents an approach to optimize the reorder level (ROL) in the manufacturing unit taking consideration of the stock levels at the factory and the distribution centers of the supply chain, which in turn helps the production unit to optimize the production level and minimizing the inventory holding cost. Genetic algorithm is used for the optimization in a multi product, multi level supply chain in a web enabled environment. This prediction of optimal ROL enables the manufacturing unit to overcome the excess/ shortage of stock levels in the upcoming period.