Evolutionary multiobjective optimization of the multi-location transshipment problem

DOI10.1007/S12351-008-0015-5MaRDI QIDQ949407zbMATH OpenOpenAlexFDO

Authors Nabil Belgasmi, Khaled Ghédira, Lamjed ben Said

Publication date 21 October 2008

Published in Operational Research. An International Journal (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/1102.1536

zbMATH Keywords

multi-location transshipment problemmultiobjective evolutionary algorithmsmultiobjective optimization problemsPareto optimality

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Approximation methods and heuristics in mathematical programming (90C59)

Abstract: We consider a multi-location inventory system where inventory choices at each location are centrally coordinated. Lateral transshipments are allowed as recourse actions within the same echelon in the inventory system to reduce costs and improve service level. However, this transshipment process usually causes undesirable lead times. In this paper, we propose a multiobjective model of the multi-location transshipment problem which addresses optimizing three conflicting objectives: (1) minimizing the aggregate expected cost, (2) maximizing the expected fill rate, and (3) minimizing the expected transshipment lead times. We apply an evolutionary multiobjective optimization approach using the strength Pareto evolutionary algorithm (SPEA2), to approximate the optimal Pareto front. Simulation with a wide choice of model parameters shows the different trades-off between the conflicting objectives.

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Cites work

• Analysis of a Two-Echelon Inventory Control System with Complete Redistribution
• Evolutionary algorithms in noisy environments: theoretical issues and guidelines for practise.
• scientific article; zbMATH DE number 15346 (Why is no real title available?)
• scientific article; zbMATH DE number 1342812 (Why is no real title available?)
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• Multi-objective optimization using evolutionary algorithms
• The dynamic transshipment problem

Cited in

(5)

• Evolutionary Pareto optimizers for continuous review stochastic inventory systems
• Optimizing complex multi-location inventory models using particle swarm optimization
• scientific article; zbMATH DE number 140518 (Why is no real title available?)
• An application of generalized strength Pareto evolutionary algorithm for finding a set of non-dominated solutions with high-spread and well-balanced distribution in the logistics facility location problem
• Multi-objective newsboy problem with random-fuzzy demand

Describes a project that uses

Uses Software

• SPEA2

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