This paper considers the joint economic lot-sizing problem (JELP) for multi-layer supply chain with multi-retailers and single manufacturer and supplier. The paper extends the work of (Ben-Daya et al., 2013) and relaxes the assumption of deterministic demand and constant holding and ordering...

Formation of effective teams of experts has played a crucial role in successful projects especially in social networks. In this paper, a new particle swarm optimization (PSO) algorithm is proposed for solving a team formation optimization problem by minimizing the communication cost among...

This paper deals with multi-period project portfolio selection problem. In this problem, the available budget is invested on the best portfolio of projects in each period such that the net profit is maximized. We also consider more realistic assumptions to cover wider range of applications than...

The rapid development of artificial intelligence methods contributes to their wide applications for forecasting various financial risks in recent years. This study introduces a novel explainable case-based reasoning (CBR) approach without a requirement of rich expertise in financial risk....

Extreme learning machine (ELM) allows for fast learning and better generalization performance than conventional gradient-based learning. However, the possible inclusion of non-optimal weight and bias due to random selection and the need for more hidden neurons adversely influence network...

The appropriate maintenance strategy is essential for maintaining the thermal power plant highly reliable. The thermal power plant is a complex system that consists of various subsystems connected either in series or parallel configuration. The boiler-furnace (BF) system is one of the most...

In this paper, we apply continuous review (S-1, S) policy for inventory control in a three-echelon supply chain (SC) including r identical retailers, a central warehouse with limited storage space, and two independent manufacturing plants which offer two kinds of product to the customer. The...

Purpose A large number of questions are posted on community question answering (CQA) websites every day. Providing a set of core questions will ease the question overload problem. These core questions should cover the main content of the original question set. There should be low redundancy...

Purpose – The purpose of this paper is to introduce a neural network‐based market agent, which develops optimal bidding strategies for a power generating company (Genco) in a day‐ahead electricity market. Design/methodology/approach – The problem of finding optimal bidding strategy for a...