2008
HMS 2008 Proceeding
Scatter search optimization of an inland waterway transportation system
Authors: Nicholas Anderson, Gerald Evans
Abstract
This paper presents an optimization-simulation model for determining inventory operating policies for an inland waterway transportation system involving petroleum delivery. The overall process involves the use of a criterion model, represented as a decision maker?s utility function, and an optimization procedure which employs scatter search. Variance reduction techniques are also employed in order to improve the accuracy of the estimates of the performance measures associated with the system. The main purpose of the system is to determine values for inventory policy variables such as the reorder points and reorder quantities at various network locations.
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