%0 Journal Article
%T A Continuous Review inventory Control Model within Batch Arrival Queuing Framework: A Parameter-Tuned Imperialist Competitive Algorithm
%J Journal of Optimization in Industrial Engineering
%I QIAU
%Z 2251-9904
%A Alaghebandha, Mohammad
%A Pasandideh, Seyed Hamid Reza
%A Hajipour, Vahid
%D 2012
%\ 09/30/2012
%V 5
%N 11
%P 11-24
%! A Continuous Review inventory Control Model within Batch Arrival Queuing Framework: A Parameter-Tuned Imperialist Competitive Algorithm
%K Continues review Inventory control
%K Queuing theory
%K Imperialist Competitive Algorithm
%K simulated annealing
%R
%X In this paper, a multi-product continues review inventory control problem within batch arrival queuing approach (MQr/M/1) is modeled to find the optimal quantities of maximum inventory. The objective function is to minimize summation of ordering, holding and shortage costs under warehouse space, service level, and expected lost-sales shortage cost constraints from retailer and warehouse viewpoints. Since the proposed model is Np-Hard, an efficient imperialist competitive algorithm (ICA) is proposed to solve the model. To justify proposed ICA, a simulated annealing algorithm has been utilized. In order to determine the best value of algorithms parameters that result in a better solution, a fine-tuning procedure is executed. Finally, the performance of the proposed ICA is analyzed using some numerical illustrations.
%U http://www.qjie.ir/article_113_c18544c1b508e1c5f5fbfe9a22933239.pdf