Simulation-based Optimization of Multi-indenture and Multi-echelon Inventory Systems

  • Published : 2006.11.17

Abstract

The problem that we address is to determine the inventory stockage levels in a multi-echelon inventory system for repairable items in a multi-indenture system. We propose the simulation optimization approach to determine the stockage levels at each echelon, where a simulator for the underlying system is combined with an appropriate optimization tool, Genetic Algorithm (GA).

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