Radio frequency identification is a developing technology that has recently been adopted in industrial applications for identification and tracking operations. The radio frequency identification network planning problem deals with many criteria like number and positions of the deployed antennas in the networks, transmitted power of antennas, and coverage of network. All these criteria must satisfy a set of objectives, such as load balance, economic efficiency, and interference, in order to obtain accurate and reliable network planning. Achieving the best solution for radio frequency identification network planning has been an area of great interest for many scientists. This article introduces the Ring Probabilistic Logic Neuron as a time-efficient and accurate algorithm to deal with the radio frequency identification network planning problem. To achieve the best results, redundant antenna elimination algorithm is used in addition to the proposed optimization techniques. The aim of proposed algorithm is to solve the radio frequency identification network planning problem and to design a cost-effective radio frequency identification network by minimizing the number of embedded radio frequency identification antennas in the network, minimizing collision of antennas, and maximizing coverage area of the objects. The proposed solution is compared with the evolutionary algorithms, namely genetic algorithm and particle swarm optimization. The simulation results show that the Ring Probabilistic Logic Neuron algorithm obtains a far more superior solution for radio frequency identification network planning problem when compared to genetic algorithm and particle swarm optimization.