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.

Keywords:

Genetic algorithm, inventory optimization, multinational food company, random lead time,

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Competing interests

The authors have no competing interests.

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The authors have no competing interests.