One of the most efficient penalty based methods to solve constrained optimization problems is the augmented Lagrangian algorithm. This paper presents a constrained optimization algorithm to solve continuous constrained global optimization problems. The proposed algorithm integrates the benefit...

We consider a supply chain where multiple members are serially connected. The decision is to determine the ordering quantity of a member to the next upstream member in the supply chain. The basic cost model is similar to the newsvendor problem with additional consideration to safety stock. This...