abstract = "In the US, inventories are estimated to be worth of
more than 1 trillion. To manage these inventories,
numerous inventory-control policies have been developed
in the last decades. These inventory-control policies
are typically derived analytically, which is often
complicated and time consuming. For many relevant
settings, such as complex multi-echelon models, there
exist no closed-form formulae to describe the optimal
solution. Optimal solutions for those problems are
determined by complex algorithms that require several
iteration steps. With Genetic Programming (GP) however,
inventory-control policies can be derived in a simple
manner. GP is an algorithm related to Genetic
Algorithms. It applies the principles of natural
evolution to solve optimization problems. In this
paper, we show how a simple closed-form heuristics for
a common inventory-control setting can be derived with
GP. We focus on a simple (R,T)-policy to demonstrate
the capabilities of GP.",
notes = "published on CD-ROM. Selected papers in special issue?
mic03-office@amp.i.kyoto-u.ac.jp
broken Jan 2013
http://www-or.amp.i.kyoto-u.ac.jp/mic2003/index.html",