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Learning from Nature. Using Genetic Algorithms for Inventory Optimisation

Name: Learning from Nature. Using Genetic Algorithms for Inventory Optimisation
Brand: Grin Verlag
SKU: 35447512
Price: 24.91 EUR
Availability: InStock
Author: Leopold Pfeiffer
ISBN: 9783346305008

Leopold Pfeiffer

Language

English

Book Paperback

Libristo code: 35447512

Publishers Grin Verlag, March 2021

Bachelor Thesis from the year 2020 in the subject Mathematics - Applied Mathematics, grade: 1,00, Un... Full description

Libristo code: 35447512

61 b

24.91 €

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Bachelor Thesis from the year 2020 in the subject Mathematics - Applied Mathematics, grade: 1,00, University of Augsburg (Quantitative Methods), language: English, abstract: A battery of approaches has been applied by researchers and practitioners in the field of inventory optimisation to find optimal inventory policies that can drive the success of businesses of various industries. One such approach is based on the use of genetic algorithms, a multi-purpose subclass of evolutionary algorithms that imitate the prin- ciples of evolution to solve combinatorial problems. In this thesis, we extensively explore the theoretical background of inventory optimisation as well as genetic algorithms before we develop a four-stage serial supply chain model and implement a genetic algorithm for base-stock level optimisation.