Title :
Robust single echelon multi period inventory of Eco-industrial Symbiotic Network with uncertain returns and demand
Author :
Chunfa, Li ; Linna, Hao ; Li, Liu ; Qiang, Wang
Author_Institution :
Tianjin Univ. of Technol., Tianjin, China
Abstract :
In recent years, robust optimization has become a powerful tool in dealing with the uncertainty optimization problems. And it has been widely applied in many fields successfully. The cost issue in the Eco-industrial Symbiotic Network (EISN) is the main factor that limits its survival and development. Under certain government incentives and considering that the returns and demands in EISN are uncertain, this paper made research on the Inventory control problem of EISN. A non-linear robust optimization model of minimizing the overall cost of EISN is proposed and then it is transferred into a linear model. Its solution is proved to exist. Therefore, the minimum overall cost of EISN is obtained.
Keywords :
business continuity; incentive schemes; minimisation; stock control; cost minimization; eco-industrial symbiotic network; government incentive; inventory control problem; nonlinear robust optimization model; robust single echelon multiperiod inventory; uncertain returns; uncertainty optimization problem; Biological system modeling; Inventory control; Optimization; Production; Recycling; Robustness; Uncertainty; eco-industrial symbiotic network; government incentives; inventory control; robust optimization approach;
Conference_Titel :
Management Science and Industrial Engineering (MSIE), 2011 International Conference on
Conference_Location :
Harbin
Print_ISBN :
978-1-4244-8383-9
DOI :
10.1109/MSIE.2011.5707639