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Full-Text Articles in Social and Behavioral Sciences
Stochastic Modeling And Optimization Of Multi-Plant Capacity Planning Problem, Anoop Verma, Nagesh Shukla, S.K Tyagi, Nishikant Mishra
Stochastic Modeling And Optimization Of Multi-Plant Capacity Planning Problem, Anoop Verma, Nagesh Shukla, S.K Tyagi, Nishikant Mishra
Nagesh Shukla
n this paper the problem of capacity planning under risk from demand and price/cost uncertainty of the finished products is addressed. The deterministic model is extended into a two-stage stochastic model with fixed recourse by means of various expected levels of demand as random. A recourse penalty is also included in the objective for both shortage and surplus in the finished products. The model is analyzed to quantify the risk using Markowitz mean-variance model.
Vehicle Routing Problem With Stochastic Demand (Vrpsd): Optimisation By Neighbourhood Search Embedded Adaptive Ant Algorithm (Ns-Aaa), M Nagalakshmi, Mukul Tripathi, Nagesh Shukla, Manoj Tiwari
Vehicle Routing Problem With Stochastic Demand (Vrpsd): Optimisation By Neighbourhood Search Embedded Adaptive Ant Algorithm (Ns-Aaa), M Nagalakshmi, Mukul Tripathi, Nagesh Shukla, Manoj Tiwari
Nagesh Shukla
Taking into account the real world applications, this paper considers a vehicle routing problem with stochastic demand (VRPSD) in which the customer demand has been modelled as a stochastic variable. Considering the computational complexity of the problem and to enhance the algorithm performance, a neighbourhood search embedded adaptive ant algorithm (ns-AAA) is proposed as an improvement to the existing ant colony optimisation. The proposed metaheuristic adapts itself to maintain an adequate balance between exploitation and exploration throughout the run of the algorithm. The performance of the proposed methodology is benchmarked against a set of test instances that were generated using …