Optimization And Inventory Management

This book discusses inventory models for determining optimal ordering policies using various optimization techniques, genetic algorithms, and data mining concepts. It also provides sensitivity analyses for the models’ robustness. It presents a collection of mathematical models that deal with real industry scenarios. All mathematical model solutions are provided with the help of various optimization techniques to determine optimal ordering policy.

This book discusses the supervision of hybrid systems and presents models for control, optimization and storage. It provides a guide for practitioners as well as graduate and postgraduate students and researchers in both renewable energy and modern power systems, enabling them to quickly gain an understanding of stand-alone and grid-connected hybrid renewable systems.

Problems facing manufacturing clusters that intersect information technology, process management, and optimization within the Internet of Things (IoT) are examined in this book. Recent advances in information technology have transformed the use of resources and data exchange, often leading to management and optimization problems attributatble to technology limitations and strong market competition.