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     Advance Journal of Food Science and Technology

    Abstract
2014(Vol.6, Issue:8)
Article Information:

Research on Genetic Optimization for Multinational Food Companies with Random Lead Time

Wen Zhang and Yaming Zhang
Corresponding Author:  Wen Zhang 
Submitted: March ‎14, ‎2014
Accepted: ‎April ‎15, ‎2014
Published: August 10, 2014
Abstract:
This study aims to investigate the inventory optimization problems for multinational food companies with random lead time. Multinational organizations play an increasingly important role in the world economy. The majority of their activities seem to be driven by market-seeking considerations. In this study we considered a multinational organization in which lead times are stochastic. There is a determined due date that if demands are not prepared for delivery in that day, backlogging cost would happen. In contrast to most of studies in this field that consider sum of these cost, this study attempts to make a tradeoff between these objectives’ affects using multi-objective approach based on genetic algorithm. Furthermore, effectiveness of our proposed method is compared against an adapted non-dominated sorting genetic algorithm which has been presented for this problem.

Key words:  Genetic algorithm, inventory optimization, multinational food company, random lead time, , ,
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Cite this Reference:
Wen Zhang and Yaming Zhang, . Research on Genetic Optimization for Multinational Food Companies with Random Lead Time. Advance Journal of Food Science and Technology, (8): 956-960.
ISSN (Online):  2042-4876
ISSN (Print):   2042-4868
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