Study of Vendor-Managed Systems through Metaheuristic Algorithms for Deteriorating Inventory Control

Abstract

In this Study inventory management with a particular focus on Vendor-Managed Systems (VMS) in the context of deteriorating inventory items. Inventory control is a critical function for businesses, and the management of deteriorating items presents unique challenges due to their perishable nature. Vendor-Managed Systems, where the supplier takes an active role in monitoring and restocking inventory, have emerged as a promising approach to address these challenges.This research employs metaheuristic algorithms to optimize the performance of Vendor-Managed Systems in the context of deteriorating inventory. Metaheuristic algorithms, known for their problem-solving capabilities, are applied to determine optimal replenishment policies that minimize costs while ensuring adequate inventory levels