Optimization and Inventory Management
This book discusses inventory models for determining optimal ordering policies using various optimization techniques, genetic algorithms, and data mining concepts. It also provides sensitivity analyses for the models’ robustness. It presents a collection
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Nita H. Shah Mandeep Mittal Editors
Optimization and Inventory Management
Asset Analytics Performance and Safety Management
Series Editors Ajit Kumar Verma, Western Norway University of Applied Sciences, Haugesund, Rogaland Fylke, Norway P. K. Kapur, Centre for Interdisciplinary Research, Amity University, Noida, India Uday Kumar, Division of Operation and Maintenance Engineering, Luleå University of Technology, Luleå, Sweden
The main aim of this book series is to provide a floor for researchers, industries, asset managers, government policy makers and infrastructure operators to cooperate and collaborate among themselves to improve the performance and safety of the assets with maximum return on assets and improved utilization for the benefit of society and the environment. Assets can be defined as any resource that will create value to the business. Assets include physical (railway, road, buildings, industrial etc.), human, and intangible assets (software, data etc.). The scope of the book series will be but not limited to: • • • • • • • • • • • • •
Optimization, modelling and analysis of assets Application of RAMS to the system of systems Interdisciplinary and multidisciplinary research to deal with sustainability issues Application of advanced analytics for improvement of systems Application of computational intelligence, IT and software systems for decisions Interdisciplinary approach to performance management Integrated approach to system efficiency and effectiveness Life cycle management of the assets Integrated risk, hazard, vulnerability analysis and assurance management Adaptability of the systems to the usage and environment Integration of data-information-knowledge for decision support Production rate enhancement with best practices Optimization of renewable and non-renewable energy resources
More information about this series at http://www.springer.com/series/15776
Nita H. Shah Mandeep Mittal •
Editors
Optimization and Inventory Management
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Editors Nita H. Shah Department of Mathematics Gujarat University Ahmedabad, India
Mandeep Mittal Department of Mathematics Amity Institute of Applied Sciences Amity University Noida, India
ISSN 2522-5162 ISSN 2522-5170 (electronic) Asset Analytics ISBN 978-981-13-9697-7 ISBN 978-981-13-9698-4 (eBook) https://doi.org/10.1007/978-981-13-9698-4 © Springer Nature Singapore Pte Ltd. 2020 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protect
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