2022
DOI: 10.1590/0101-7438.2022.042.00257447
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An Efficient Inventory Model-Based Ga for Food Deterioration Products in the Tourism Industry

Abstract: Background: The inventory control practice of deteriorating food products that are subject to an expiration date is a challenging process. Inappropriate inventory control practice leads to substantial waste of products and significant holding and purchasing costs. Purpose: This paper aims to develop an inventory control model-based Genetic Algorithm (GA) to minimize the Total Annual Inventory Cost (TAIC) function developed explicitly for the proposed model. Methodology: GA is used and tailored to provide the b… Show more

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Cited by 2 publications
(3 citation statements)
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“…When considering plot creation, usually two or three main components are enough. However, for modeling objectives, it is vital to precisely ascertain the suitable quantity of significant components (Wold et al, 1987;Patil, 2021;Al-Salami et al, 2022b).…”
Section: Literature Reviewmentioning
confidence: 99%
“…When considering plot creation, usually two or three main components are enough. However, for modeling objectives, it is vital to precisely ascertain the suitable quantity of significant components (Wold et al, 1987;Patil, 2021;Al-Salami et al, 2022b).…”
Section: Literature Reviewmentioning
confidence: 99%
“…Rajesh and Vinod [23] investigated the impact of deterioration and the cost of replacement on the best inventory choices for a system of two substitutable goods, where one item is made up of two complementary components. Al-Salami et al [24] presented a study where an efficient Genetic Algorithm (GA) based inventory control model was created to reach optimal cost and reorder levels of foodrelated deteriorating products. Feng et al [25] developed and inventory model for perishable goods where demand curve is dependent on unit price, display stock and the expiry date.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Equations ( 23), (24), and ( 25) are simplified by factorising like terms and substituting the relevant terms with (13), to obtain.…”
Section: Cycle Lengthmentioning
confidence: 99%