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Swarm Intelligence Methods on Inventory Management

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International Joint Conference SOCO’18-CISIS’18-ICEUTE’18 (SOCO’18-CISIS’18-ICEUTE’18 2018)

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 771))

Abstract

Inventory control is the science-based art of controlling the amount of inventory (or stock) held, in various forms. Inventory control techniques are very important components and the most organizations can substantially reduce their costs associated with the flow of materials. This paper presents biological swarm intelligence in general, and in particularly two models: particle swarm optimization and firefly algorithm for modelling on inventory control in production system. The aim of this research is to create models to minimize production cost according to price of items and inventory keeping cost.

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Author information

Authors and Affiliations

  1. Faculty of Technical Sciences, University of Novi Sad, Trg Dositeja Obradovića 6, 21000, Novi Sad, Serbia

    Dragan Simić, Vladimir Ilin & Svetislav D. Simić

  2. Faculty of Medicine, University of Novi Sad, Hajduk Veljkova 1–9, 21000, Novi Sad, Serbia

    Svetlana Simić

Authors
  1. Dragan Simić
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  2. Vladimir Ilin
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  3. Svetislav D. Simić
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  4. Svetlana Simić
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Corresponding author

Correspondence to Dragan Simić .

Editor information

Editors and Affiliations

  1. Computational Intelligence Group, University of the Basque Country, Sarriena, Vizcaya, Spain

    Manuel Graña

  2. Computational Intelligence Group, University of the Basque Country, Sarriena, Vizcaya, Spain

    José Manuel López-Guede

  3. Computational Intelligence Group, University of the Basque Country, Sarriena, Vizcaya, Spain

    Oier Etxaniz

  4. Department of Civil Engineering, University of Burgos, Burgos, Burgos, Spain

    Álvaro Herrero

  5. University of Salamanca, Salamanca, Salamanca, Spain

    José Antonio Sáez

  6. Department of Industrial Engineering, University of A Coruña, La Coruña, La Coruña, Spain

    Héctor Quintián

  7. University of Salamanca, Salamanca, Salamanca, Spain

    Emilio Corchado

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Simić, D., Ilin, V., Simić, S.D., Simić, S. (2019). Swarm Intelligence Methods on Inventory Management. In: Graña, M., et al. International Joint Conference SOCO’18-CISIS’18-ICEUTE’18. SOCO’18-CISIS’18-ICEUTE’18 2018. Advances in Intelligent Systems and Computing, vol 771. Springer, Cham. https://doi.org/10.1007/978-3-319-94120-2_41

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