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Dynamic virtual bats algorithm (dvba) for minimization of supply chain cost with embedded risk
Topal, Ali Osman; Altun, Oguz; Terolli, Erisa
2014In 2014 European Modelling Symposium
Peer reviewed
 

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Keywords :
dynamic virtual bats algorithm; supply chain cost minimization; global optimization; particle swarm optimization; genetic algorithm
Abstract :
[en] Dynamic Virtual Bats Algorithm (DVBA) is a new optimization algorithm, which is tested on several benchmark functions for global optimization. However it has not been tested on a real world problem yet. In this paper DVBA has been applied to minimize the supply chain cost with other well known algorithms, Particle Swarm Optimization (PSO), Bat Algorithm (BA), Genetic Algorithm (GA) and Tabu Search (TS). Optimization of supply chain is considered as a real challenge by researchers because of its complexity. Big number of parameters to be controlled and their distributions, interconnections between parameters and dynamism are the main factors that increase the complexity of a supply chain. The result of the case study showed that the DVBA is much superior to other algorithms in terms of accuracy and efficiency.
Disciplines :
Computer science
Author, co-author :
Topal, Ali Osman ;  University of Luxembourg > Faculty of Science, Technology and Medicine (FSTM) > Department of Computer Science (DCS)
Altun, Oguz;  Epoka University > Computer Engineering
Terolli, Erisa;  Epoka University > Computer Engineering
External co-authors :
yes
Language :
English
Title :
Dynamic virtual bats algorithm (dvba) for minimization of supply chain cost with embedded risk
Publication date :
21 October 2014
Event name :
8th European Modelling Symposium on Mathematical Modelling and Computer Simulation
Event organizer :
IEEE
Event place :
Pisa, Italy
Event date :
from 21-10-2014 to 23-10-2014
Audience :
International
Main work title :
2014 European Modelling Symposium
Publisher :
IEEE
ISBN/EAN :
978-1-5090-0206-1
Pages :
58--64
Peer reviewed :
Peer reviewed
Focus Area :
Computational Sciences
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