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Optimization of inventory purchasing, management and tracking.
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Therefore, dynamic models for optimization of inventories are needed.
In the future, the research will focus on optimization of the inventory, and apply the inventory to multi-cultural students and teachers for further validation.
One of the challenges in supply chain management is to find optimal policy for inventory system, the main objective of inventory management is to balance conflicting goals like optimization of stock costs and shortage costs (Arda and Hennet 2006).
We analyze the joint optimization of spare parts inventories and workforce allocation in a single-site maintenance system.
Thus, infinite horizon discrete time models are more appropriate for analysis and optimization of their activities, including inventory management.
In a competitive location problem, price and location of facilities affect demands of customers; consequently, simultaneous optimization of the location and inventory system is needed.
This paper examines the optimization of a hospital's inventory costs where the central pharmacy of the hospital assumes a role of central decision maker for drugs' purchasing and their distribution to internal wards.
The procedure is then applied to a classic case of inventory management with multi-objective optimization performed at both system and process levels.
His research interests are in the areas of fuzzy mathematics, fuzzy optimization, and inventory control.
The integration of inventory and pricing policies leads to the joint optimization of the whole system and maximization of the total profit.
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