ISSN:1005-3026

SUPPLY CHAIN INVENTORY IN A TWO-WAREHOUSE SYSTEM USING ARTIFICIAL BEE COLONY OPTIMIZATION

Seema Agarwal1, Praveen B M2, Ajay Singh Yadav3, Krishan Pal4

1Post-Doctoral Research Scholar, Srinivas University, Mukka, Surathkal, Mangaluru, Karnataka, India and

1Assistant Professor, Department of   Mathematics, SRM Institute of Science and Technology, Delhi-NCR Campus, Ghaziabad, India.

2Director- Research, Department of Chemistry, Srinivas University, Mukka, Surathkal, Mangaluru, Karnataka, India.

3Associate Professor, Department of   Mathematics, SRM Institute of Science and Technology, Delhi-NCR Campus, Ghaziabad, India.

4Research Scholar, Department of   Mathematics, SRM Institute of Science and Technology, Delhi-NCR Campus, Ghaziabad, India.

Abstract:

This paper explores the application of Artificial Bee Colony (ABC) Optimization for optimizing supply chain inventory in a Two-warehouse system. The objective is to minimize overall costs associated with inventory management. The study adapts the ABC algorithm, addressing the complexities of a Two-warehouse system. The implementation involves defining the problem, formulating the objective function, identifying constraints, and coding the algorithm. Results demonstrate the effectiveness of ABC Optimization in enhancing supply chain efficiency, providing practical insights for businesses managing inventory in multi-warehouse scenarios.

Keywords: Warehouse, Inflation, Variable holding cost, production cost, Artificial Bee Colony Optimization