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Application of Genetic Algorithms in Inventory Control

Application of Genetic Algorithms in Inventory Control
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Author(s): Vinod Kumar Mishra (B. T. Kumaon Institute of Technology, India)
Copyright: 2017
Pages: 12
Source title: Nature-Inspired Computing: Concepts, Methodologies, Tools, and Applications
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-5225-0788-8.ch040

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Abstract

The genetic algorithm (GA) is an adaptive heuristic search procedures based on the mechanics of natural selection and natural genetics. Inventory control is widely used in the area of mathematical sciences, management sciences; system science, industrial engineering, production engineering etc. but they have wide differences in mathematical and computation maturity. This chapter enables the reader to understand the basic theory of genetic algorithm and how to apply the genetic algorithms for optimizing the parameters in inventory control The current and future trend of the research with the definition of key terms of genetic algorithm has also incorporated in this chapter.

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