A computationally efficient simulation-based optimization method with region-wise surrogate modeling for stochastic inventory management of supply chains with general network structures

@article{Ye2016ACE,
  title={A computationally efficient simulation-based optimization method with region-wise surrogate modeling for stochastic inventory management of supply chains with general network structures},
  author={Wenhe Ye and Fengqi You},
  journal={Computers & Chemical Engineering},
  year={2016},
  volume={87},
  pages={164-179}
}
Simulation-based optimization is widely used to improve the performance of an inventory system under uncertainty. However, the black-box function between the input and output, along with the expensive simulation to reproduce a real inventory system, introduces a huge challenge in optimizing these performances. We propose an efficient framework for reducing… CONTINUE READING