Large-Scale Inventory Optimization: A Recurrent-Neural-Networks-Inspired Simulation Approach

2022/01/15 by Tan Wan, Wan, Tan, L. Jeff Hong +1 · 1 citation
Decision Sciences · Engineering · #FOS: Computer and information sciences #FOS: Mathematics #Machine Learning (cs.LG) #Optimization and Control (math.OC) #Scheduling and Optimization Algorithms #Simulation Techniques and Applications

paper · pdf · doi:10.48550/arxiv.2201.05868

openalex publication_date 2022/01/15 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28

Abstract

Many large-scale production networks include thousands types of final products and tens to hundreds thousands types of raw materials and intermediate products. These networks face complicated inventory management decisions, which are often too complicated for inventory models and too large for simulation models. In this paper, by combing efficient computational tools of recurrent neural networks (RNN) and the structural information of production networks, we propose a RNN inspired simulation approach that may be thousands times faster than existing simulation approach and is capable of solving large-scale inventory optimization problems in a reasonable amount of time.

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