Large-Scale Inventory Optimization: A Recurrent Neural Networks–Inspired Simulation Approach
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Publication:6202874
DOI10.1287/IJOC.2022.1253arXiv2201.05868OpenAlexW4221152946MaRDI QIDQ6202874FDOQ6202874
Authors: L. Jeff Hong 
Publication date: 27 February 2024
Published in: INFORMS Journal on Computing (Search for Journal in Brave)
Abstract: Many large-scale production networks include thousands types of final products and tens to hundreds thousands types of raw materials and intermediate products. These networks face complicated inventory management decisions, which are often too complicated for inventory models and too large for simulation models. In this paper, by combing efficient computational tools of recurrent neural networks (RNN) and the structural information of production networks, we propose a RNN inspired simulation approach that may be thousands times faster than existing simulation approach and is capable of solving large-scale inventory optimization problems in a reasonable amount of time.
Full work available at URL: https://arxiv.org/abs/2201.05868
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Deterministic network models in operations research (90B10) Inventory, storage, reservoirs (90B05) Transportation, logistics and supply chain management (90B06)
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