Analysis of Inventory of an Automobile Dealer using Genetic Algorithm

Customer must continue to be satisfied & planners do not want to risk losing business because of a lack of or insufficient inventory. Within this challenging & delicate balance environment manufactures must, more than ever leverage advanced and proven technology to provide better, taster & more informed decision regarding inventory deployment. Inventory management is considered to be an important field in supply chain management (SCM). The supply chain is the best way of inventory mamagement, hence maintain lower cost of supply chain will enhance the services provided to the customers. To maintain lower cost of supply chain various factors are responsible . One of them is Inventory, so in this work we tried to optimized inventory level of an organization by using genetic algorithms in MATLAB7.6 on data obtained from a leading automobile dealer.