TY - GEN
T1 - Dynamic virtual bats algorithm (DVBA) for minimization of supply chain cost with embedded risk
AU - Topal, Ali Osman
AU - Altun, Oguz
AU - Terolli, Erisa
N1 - Publisher Copyright:
© 2014 IEEE.
PY - 2014
Y1 - 2014
N2 - 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.
AB - 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.
KW - Computational intelligence techniques
KW - Dynamic Virtual Bats Algorithm (DVBA)
KW - Supply Chain Cost Problem
UR - http://www.scopus.com/inward/record.url?scp=84988268451&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84988268451&partnerID=8YFLogxK
U2 - 10.1109/EMS.2014.52
DO - 10.1109/EMS.2014.52
M3 - Conference contribution
AN - SCOPUS:84988268451
T3 - Proceedings - UKSim-AMSS 8th European Modelling Symposium on Computer Modelling and Simulation, EMS 2014
SP - 58
EP - 64
BT - Proceedings - UKSim-AMSS 8th European Modelling Symposium on Computer Modelling and Simulation, EMS 2014
A2 - Al-Dabass, David
A2 - Vannucci, Marco
A2 - Pantelous, Athanasios
A2 - Colla, Valentina
T2 - UKSim-AMSS 8th European Modelling Symposium on Computer Modelling and Simulation, EMS 2014
Y2 - 21 October 2014 through 23 October 2014
ER -