Browsing Journal Articles by Subject "Stochastic"
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Modelling and optimization of residential electricity load under stochastic demand
(International Journal of Research in Industrial Engineering, 2024-01)The paper considers a modelling framework for a set of households in residential areas using electricity as a form of energy for domestic consumption. Considering the demand and availability of units for electricity ... -
A stochastic goal-based economic order quantity model for dairy products
(Journal of Applied Research in Technology & Engineering, 2024-07)Resilient efforts are still sought to optimize the inventory of dairy products under demand uncertainty. Several industries operate under uncertainties that severely affect company performance. In this paper, a multi-objective ...