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Total 24 records

    A multi-product pricing-inventory model with stochastic demand and products interdependency

    , Article Proceedings - 3rd International Conference on Information Management, Innovation Management and Industrial Engineering, ICIII 2010, 26 November 2010 through 28 November 2010 ; Volume 2 , Nov , 2010 , Pages 227-231 ; 9780769542799 (ISBN) Inanlou Ganjiz, A. R ; Shavandi, H ; Sharif University of Technology
    2010
    Abstract
    In this paper, we study a pricing-inventory model with multiple interdependent products and stochastic demand. In the relevant literature, there are many researches that try to optimize the inventory or price independently and also optimizing joint inventory and pricing problems for single product. But joint optimization of inventory and pricing for multiple interdependent products is relatively new and still there are many potential research gaps in this area. We show that the multiplicative demand form problem, that we develop, is a convex nonlinear programming (NLP) model or is convertible to it. We also provide upper and lower bounds for the additive demand form model  

    A location-inventory model considering a strategy to mitigate disruption risk in supply chain by substitutable products

    , Article Computers and Industrial Engineering ; Volume 108 , 2017 , Pages 213-224 ; 03608352 (ISSN) Farahani, M ; Shavandi, H ; Rahmani, D ; Sharif University of Technology
    Abstract
    In this paper we consider a multiple products inventory location problem with disruption. Disruptions may occur in any supply chain due to several reasons such as earthquakes, floods, fires, labor strikes, terrorist attacks, equipment breakdowns and economic crises. We develop a model by assuming that facilities may fail partially in case of disruption and considering substitutable products as a strategy to mitigate the risk of disruption. The developed model is a non-linear integer programming model and NP-Hard. To solve the model, a hybrid algorithm including Tabu Search (TS) and Variable Neighborhood Search (VNS) is proposed. Numerical results show reasonable performance of the algorithm... 

    A constrained multi-product pricing and inventory control problem

    , Article Applied Soft Computing Journal ; Volume 12, Issue 8 , 2012 , Pages 2454-2461 ; 15684946 (ISSN) Shavandi, H ; Mahlooji, H ; Nosratian, N. E ; Sharif University of Technology
    Elsevier  2012
    Abstract
    The aim of this article is presenting a new constrained multi-product pricing and inventory model in which perishable products are put into three categories: substitute, complementary and independent. The general demand is found by considering the relations of different products and the impact of their prices. The goal of the model is deciding on the prices as well as the inventory and production decisions in order to maximize the total profit. The derived model is a non-linear programming model and a genetic algorithm is developed for its solution. To enhance the performance of our genetic algorithm, we apply the Taguchi experimental design method to tune the parameters of the algorithm.... 

    A constrained multi-item EOQ inventory model for reusable items: Reinforcement learning-based differential evolution and particle swarm optimization

    , Article Expert Systems with Applications ; Volume 207 , 2022 ; 09574174 (ISSN) Fallahi, A ; Amani Bani, E ; Akhavan Niaki, S. T ; Sharif University of Technology
    Elsevier Ltd  2022
    Abstract
    The growing environmental concerns, governmental regulations, and significant cost savings are the primary motivations for companies to consider the reuse and recovery of products in their inventory system. The previous research ignored several realistic features of reusable items inventory systems, such as the presence of multiple products and operational constraints. For the first time, this paper presents a new multiproduct economic order quantity inventory model for an inventory system of reusable products. The goal of the model is to determine the optimal replenishment quantity and reuse quantity of each item so that the system's total cost is minimized. Several operational constraints...