Search results for "Stochastic optimization problem"

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A problem-adjusted genetic algorithm for flexibility design

2013

Many present markets for goods and services have highly volatile demand due to short life cycles and strong competition in saturated environments. Determination of capacity levels is difficult because capacities often need to be set long before demand realizes. In order to avoid capacity-demand mismatches, operations managers employ mix-flexible resources which allow them to shift excess demands to unused capacities. The Flexibility Design Problem (FDP) models the decision on the optimal configuration of a flexible (manufacturing) network. FDP is a difficult stochastic optimization problem, for which traditional exact approaches are not able to solve but the smallest instances in reasonable…

Economics and EconometricsMathematical optimizationSDG 16 - PeaceComputer scienceMetaheuristicsManagement Science and Operations ResearchIndustrial and Manufacturing EngineeringStochastic optimization problemGenetic algorithmLocal search (optimization)/dk/atira/pure/sustainabledevelopmentgoals/industry_innovation_and_infrastructureNetwork designInnovationMetaheuristicFlexibility (engineering)business.industrySDG 16 - Peace Justice and Strong InstitutionsFlexibility designSolver/dk/atira/pure/sustainabledevelopmentgoals/peace_justice_and_strong_institutionsGeneral Business Management and AccountingFlexible manufacturingJustice and Strong InstitutionsGenetic algorithmSimulated annealingChainingand InfrastructureStochastic optimizationSDG 9 - Industry Innovation and InfrastructurebusinessSDG 9 - IndustryInternational Journal of Production Economics
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