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dc.contributor.authorHeikkinen, Risto
dc.contributor.authorSipilä, Juha
dc.contributor.authorOjalehto, Vesa
dc.contributor.authorMiettinen, Kaisa
dc.date.accessioned2022-03-28T05:08:10Z
dc.date.available2022-03-28T05:08:10Z
dc.date.issued2023
dc.identifier.citationHeikkinen, R., Sipilä, J., Ojalehto, V., & Miettinen, K. (2023). Flexible data driven inventory management with interactive multiobjective lot size optimization. <i>International Journal of Logistics Systems and Management</i>, <i>46</i>(2), 206-235. <a href="https://doi.org/10.1504/IJLSM.2023.134404" target="_blank">https://doi.org/10.1504/IJLSM.2023.134404</a>
dc.identifier.otherCONVID_117426695
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/80381
dc.description.abstractWe study data-driven decision support and formalise a path from data to decision making. We focus on lot sizing in inventory management with stochastic demand and propose an interactive multi-objective optimisation approach. We forecast demand with a Bayesian model, which is based on sales data. After identifying relevant objectives relying on the demand model, we formulate an optimisation problem to determine lot sizes for multiple future time periods. Our approach combines different interactive multi-objective optimisation methods for finding the best balance among the objectives. For that, a decision maker with substance knowledge directs the solution process with one’s preference information to find the most preferred solution with acceptable trade-offs. As a proof of concept, to demonstrate the benefits of the approach, we utilise real-world data from a production company and compare the optimised lot sizes to decisions made without support. With our approach, the decision maker obtained very satisfactory solutions.en
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.publisherInderscience Publishers
dc.relation.ispartofseriesInternational Journal of Logistics Systems and Management
dc.rightsIn Copyright
dc.subject.otherinventory management
dc.subject.otherdata driven optimisation
dc.subject.othermulticriteria optimisation
dc.subject.otherinteractive methods
dc.subject.otherBayesian models
dc.subject.otherdemand forecasting
dc.subject.otherlot sizing
dc.subject.otherPareto optimality
dc.subject.otherdecision support
dc.titleFlexible data driven inventory management with interactive multiobjective lot size optimization
dc.typearticle
dc.identifier.urnURN:NBN:fi:jyu-202203282066
dc.contributor.laitosInformaatioteknologian tiedekuntafi
dc.contributor.laitosFaculty of Information Technologyen
dc.contributor.oppiaineLaskennallinen tiedefi
dc.contributor.oppiaineMultiobjective Optimization Groupfi
dc.contributor.oppiaineComputational Scienceen
dc.contributor.oppiaineMultiobjective Optimization Groupen
dc.type.urihttp://purl.org/eprint/type/JournalArticle
dc.type.coarhttp://purl.org/coar/resource_type/c_2df8fbb1
dc.description.reviewstatuspeerReviewed
dc.format.pagerange206-235
dc.relation.issn1742-7967
dc.relation.numberinseries2
dc.relation.volume46
dc.type.versionacceptedVersion
dc.rights.copyright© Inderscience Publishers, 2022
dc.rights.accesslevelopenAccessfi
dc.relation.grantnumber311877
dc.subject.ysoennustettavuus
dc.subject.ysotoimitusketjut
dc.subject.ysomallit (mallintaminen)
dc.subject.ysopareto-tehokkuus
dc.subject.ysomyynti
dc.subject.ysobayesilainen menetelmä
dc.subject.ysopäätöksenteko
dc.subject.ysovarastonvalvonta
dc.subject.ysokysyntä
dc.subject.ysomonimuuttujamenetelmät
dc.subject.ysooptimointi
dc.subject.ysoanalyysi
dc.subject.ysopäätöksentukijärjestelmät
dc.subject.ysovarastot
dc.format.contentfulltext
jyx.subject.urihttp://www.yso.fi/onto/yso/p9701
jyx.subject.urihttp://www.yso.fi/onto/yso/p19415
jyx.subject.urihttp://www.yso.fi/onto/yso/p510
jyx.subject.urihttp://www.yso.fi/onto/yso/p28039
jyx.subject.urihttp://www.yso.fi/onto/yso/p15269
jyx.subject.urihttp://www.yso.fi/onto/yso/p17803
jyx.subject.urihttp://www.yso.fi/onto/yso/p8743
jyx.subject.urihttp://www.yso.fi/onto/yso/p13573
jyx.subject.urihttp://www.yso.fi/onto/yso/p6256
jyx.subject.urihttp://www.yso.fi/onto/yso/p2131
jyx.subject.urihttp://www.yso.fi/onto/yso/p13477
jyx.subject.urihttp://www.yso.fi/onto/yso/p6851
jyx.subject.urihttp://www.yso.fi/onto/yso/p27803
jyx.subject.urihttp://www.yso.fi/onto/yso/p21311
dc.rights.urlhttp://rightsstatements.org/page/InC/1.0/?language=en
dc.relation.doi10.1504/IJLSM.2023.134404
dc.relation.funderResearch Council of Finlanden
dc.relation.funderSuomen Akatemiafi
jyx.fundingprogramResearch profiles, AoFen
jyx.fundingprogramProfilointi, SAfi
jyx.fundinginformationAcademy of Finland 311877; Decision analytics utilizing causal models and multiobjective optimization (DEMO).
dc.type.okmA1


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