%0 Journal Article
%T Computing nonstationary (s, S) inventory policies via genetic algorithm
%A Kannapha Amaruchkul
%A Surapong Auwatanamongkol
%J Songklanakarin Journal of Science and Technology
%D 2013
%I Songkla University
%X A periodic-review inventory model with nonstationary stochastic demand under an (s, S) policy is considered.We apply a genetic algorithm to solve for reorder points and order-up-to levels which minimize an expected total cost.A closed-form exact expression for the expected cost is obtained from a nonstationary discrete-time Markov chain. In ournumerical experiments, our approach performs very well.
%K stochastic model applications
%K genetic algorithm
%K nonstationary inventory management
%U do.psu.ac.th/sjstweb/journal/35-1/35-1-115-121.pdf