Stochastic make-to-stock inventory deployment problem: an endosymbiotic psychoclonal algorithm based approach

Integrated steel manufacturers (ISMs) have no specific product, they just produce finished product from the ore. This enhances the uncertainty prevailing in the ISM regarding the nature of the finished product and significant demand by customers. At present low cost mini-mills are giving firm competition to ISMs in terms of cost, and this has compelled the ISM industry to target customers who want exotic products and faster reliable deliveries. To meet this objective, ISMs are exploring the option of satisfying part of their demand by converting strategically placed products, this helps in increasing the variability of product produced by the ISM in a short lead time. In this paper the authors have proposed a new hybrid evolutionary algorithm named endosymbiotic-psychoclonal (ESPC) to decide what and how much to stock as a semi-product in inventory. In the proposed theory, the ability of previously proposed psychoclonal algorithms to exploit the search space has been increased by making antibodies and antigen more co-operative interacting species. The efficacy of the proposed algorithm has been tested on randomly generated datasets and the results compared with other evolutionary algorithms such as genetic algorithms (GA) and simulated annealing (SA). The comparison of ESPC with GA and SA proves the superiority of the proposed algorithm both in terms of quality of the solution obtained and convergence time required to reach the optimal/near optimal value of the solution

Variable Input Allocation: Why Heterogeneity Matters?

The allocation of variable inputs among crops is a common problem in applied studies that use farm accountancy data. Standard farm accounting information is typically restricted to aggregate or whole-farm input expenditures; there are usually no details on how these expenditures are split among crops. Most studies employing multi-crop econometric models with land as an allocable fixed input consider generally variable input uses at the farm level (Moore and Negri, 1992). However, the allocation of variable inputs among crops appears to be useful for several objectives, such as to analyze the evolution of gross margins at the crop level, to investigate the empirical validity of a multi-crop econometric model and to provide important information for extension agents or farmer advisors.Variable Input Allocation, heterogeneity, Agricultural and Food Policy, Agricultural Finance, Crop Production/Industries, Farm Management, Research Methods/ Statistical Methods,

Endogeneity of acreage choices in input allocation equations: implied problems and a solution

Replaced with revised version of paper 07/10/09.input allocation, multi-output econometric model, control function approach, Crop Production/Industries, Production Economics,

Aggregate constrained inventory systems with independent multi-product demand: control practices and theoretical limitations

In practice, inventory managers are often confronted with a need to consider one or more aggregate constraints. These aggregate constraints result from available workspace, workforce, maximum investment or target service level. We consider independent multi-item inventory problems with aggregate constraints and one of the following characteristics: deterministic leadtime demand, newsvendor, basestock policy, rQ policy and sS policy. We analyze some recent relevant references and investigate the considered versions of the problem, the proposed model formulations and the algorithmic approaches. Finally we highlight the limitations from a practical viewpoint for these models and point out some possible direction for future improvements

Advancing Agricultural Production With Machine Learning Analytics: Yield Determinants for California's Almond Orchards.

Agricultural productivity is subject to various stressors, including abiotic and biotic threats, many of which are exacerbated by a changing climate, thereby affecting long-term sustainability. The productivity of tree crops such as almond orchards, is particularly complex. To understand and mitigate these threats requires a collection of multi-layer large data sets, and advanced analytics is also critical to integrate these highly heterogeneous datasets to generate insights about the key constraints on the yields at tree and field scales. Here we used a machine learning approach to investigate the determinants of almond yield variation in California's almond orchards, based on a unique 10-year dataset of field measurements of light interception and almond yield along with meteorological data. We found that overall the maximum almond yield was highly dependent on light interception, e.g., with each one percent increase in light interception resulting in an increase of 57.9 lbs/acre in the potential yield. Light interception was highest for mature sites with higher long term mean spring incoming solar radiation (SRAD), and lowest for younger orchards when March maximum temperature was lower than 19°C. However, at any given level of light interception, actual yield often falls significantly below full yield potential, driven mostly by tree age, temperature profiles in June and winter, summer mean daily maximum vapor pressure deficit (VPDmax), and SRAD. Utilizing a full random forest model, 82% (±1%) of yield variation could be explained when using a sixfold cross validation, with a RMSE of 480 ± 9 lbs/acre. When excluding light interception from the predictors, overall orchard characteristics (such as age, location, and tree density) and inclusive meteorological variables could still explain 78% of yield variation. The model analysis also showed that warmer winter conditions often limited mature orchards from reaching maximum yield potential and summer VPDmax beyond 40 hPa significantly limited the yield. Our findings through the machine learning approach improved our understanding of the complex interaction between climate, canopy light interception, and almond nut production, and demonstrated a relatively robust predictability of almond yield. This will ultimately benefit data-driven climate adaptation and orchard nutrient management approaches

An ESPC algorithm based approach to solve inventory deployment problem

Global competitiveness has enforced the hefty industries to become more customized. To compete in the market they are targeting the customers who want exotic products, and faster and reliable deliveries. Industries are exploring the option of satisfying a portion of their demand by converting strategically placed products, this helps in increasing the variability of product produced by them in short lead time. In this paper, authors have proposed a new hybrid evolutionary algorithm named Endosymbiotic-Psychoclonal (ESPC) algorithm to determine the amount and type of product to stock as a semi product in inventory. In the proposed work the ability of previously proposed Psychoclonal algorithm to exploit the search space has been increased by making antibodies and antigen more cooperative interacting species. The efficacy of the proposed algorithm has been tested on randomly generated datasets and the results obtained, are compared with other evolutionary algorithms such as Genetic Algorithm (GA) and Simulated Annealing (SA). The comparison of ESPC with GA and SA proves the superiority of the proposed algorithm both in terms of quality of the solution obtained, and convergence time required to reach the optimal /near optimal value of the solution

Simple econometric models for short term production choices in cropping systems

The aim of this article is to present new models of acreage choices to describe short term production choices. Its construction combines concepts developed in the Positive Mathematical Programming and Multicrop Econometric literatures. They consider land as an allocable fixed input and motivate crop diversification by decreasing returns to crop area and/or implicit costs generated by constraints on acreage choices and by limiting quantities of quasi-fixed factors. Attractive re-parametrization of the standard quadratic production function and different functional forms for cost function are proposed to have parameters easily interpretable and to define econometric models in a very simple way.Acreage share; Production function; Multicrop econometric model; Positive Mathematical Programming

The boomerang returns? Accounting for the impact of uncertainties on the dynamics of remanufacturing systems

Recent years have witnessed companies abandon traditional open-loop supply chain structures in favour of closed-loop variants, in a bid to mitigate environmental impacts and exploit economic opportunities. Central to the closed-loop paradigm is remanufacturing: the restoration of used products to useful life. While this operational model has huge potential to extend product life-cycles, the collection and recovery processes diminish the effectiveness of existing control mechanisms for open-loop systems. We systematically review the literature in the field of closed-loop supply chain dynamics, which explores the time-varying interactions of material and information flows in the different elements of remanufacturing supply chains. We supplement this with further reviews of what we call the three ‘pillars’ of such systems, i.e. forecasting, collection, and inventory and production control. This provides us with an interdisciplinary lens to investigate how a ‘boomerang’ effect (i.e. sale, consumption, and return processes) impacts on the behaviour of the closed-loop system and to understand how it can be controlled. To facilitate this, we contrast closed-loop supply chain dynamics research to the well-developed research in each pillar; explore how different disciplines have accommodated the supply, process, demand, and control uncertainties; and provide insights for future research on the dynamics of remanufacturing systems