DocumentCode
1647986
Title
Notice of Retraction
Approximating tradeoff surfaces for inventory control through evolutionary multi-objective optimization
Author
Ching-Shih Tsou ; Chin-Hsiung Hsu ; Jyun-Hao Chen ; Ching-Chiang Yeh
Author_Institution
Inst. of Inf. Sci. & Manage., Nat. Taipei Coll. of Bus., Taipei, Taiwan
Volume
3
fYear
2010
Firstpage
652
Lastpage
655
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
The optimal tradeoff surface in inventory control is useful in quantifying exactly what the firm must pay in terms of workload and investment to meet the customer service objective. Insight from the oldest inventory model, economic order quantity (EOQ), reveals that efficiency-service tradeoff should be recast into a multi-objective context. In this paper, a nonredundant triobjective inventory control model and corresponding solution approach based on Lagrange method are presented to obtain nondominated control policies achieving tradeoffs among objectives. Evolutionary computation, NSGA-II, is also used to build the optimal tradeoff surface under stochastic demand. Results show that NSGA-II is highly competitive with the lengthy successive approximation in terms of accuracy and diversity. It can provide more tradeoff options to the decision makers.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
The optimal tradeoff surface in inventory control is useful in quantifying exactly what the firm must pay in terms of workload and investment to meet the customer service objective. Insight from the oldest inventory model, economic order quantity (EOQ), reveals that efficiency-service tradeoff should be recast into a multi-objective context. In this paper, a nonredundant triobjective inventory control model and corresponding solution approach based on Lagrange method are presented to obtain nondominated control policies achieving tradeoffs among objectives. Evolutionary computation, NSGA-II, is also used to build the optimal tradeoff surface under stochastic demand. Results show that NSGA-II is highly competitive with the lengthy successive approximation in terms of accuracy and diversity. It can provide more tradeoff options to the decision makers.
Keywords
optimisation; stock control; Lagrange method; customer service objective; economic order quantity; efficiency-service tradeoff; evolutionary computation; evolutionary multiobjective optimization; nondominated control policy; nonredundant triobjective inventory control model; oldest inventory model; optimal tradeoff surface; stochastic demand; Book reviews; Genetics; Investments; Mathematics; Random access memory; evolutionary method; inventory tradeoff surface; multiobjective optimization; successive approximation;
fLanguage
English
Publisher
ieee
Conference_Titel
Advanced Management Science (ICAMS), 2010 IEEE International Conference on
Conference_Location
Chengdu
Print_ISBN
978-1-4244-6931-4
Type
conf
DOI
10.1109/ICAMS.2010.5552879
Filename
5552879
Link To Document