Flower Pollination Algorithm for Multi Level Lot Sizing Optimization

Abstract

In this competitive and constantly changing world, meeting the customer requirements within less time by providing less cost is extremely tricky task. This is only possible by optimizing all the different parameters in its life cycle. Here Optimizing the inventory plays a major role.Maintaining the exact amount of inventory, at proper place, in appropriate level is a challenging task for production managers. When we work on Multi level environments this problem becomes even more complex.So, to optimize this kind of problems we applied binary form of Flower Pollination algorithm to solve this complex problem. we solved different inventory lot sizing problems with this FP algorithm and compared the results with genetic algorithm and other algorithms. In all the scenarios our simulation results shown that FP algorithm is better than other algorithms.