Heavy Traffic Analysis of the Dynamic Stochastic Inventory-Routing Problem
نویسندگان
چکیده
منابع مشابه
Heavy Traffic Analysis of the Dynamic Stochastic Inventory-Routing Problem
We analyze three queueing control problems that model a dynamic stochastic distribution system, where a single capacitated vehicle serves a finite number of retailers in a make-to-stock fashion. The objective in each of these vehicle routing and inventory problems is to minimize the long run average inventory (holding and backordering) and transportation cost. In all three problems, the control...
متن کاملThe Stochastic Inventory Routing Problem
This work is motivated by the need to solve the inventory routing problem when implementing a business practice called vendor managed inventory replenishment (VMI). With VMI, vendors monitor their customers’ inventories, and decide when and how much inventory should be replenished at each customer. The inventory routing problem attempts to coordinate inventory replenishment and transportation i...
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The combination of inventory management and vehicle routing decisions yields a difficult combinatorial optimization problem called the Inventory-Routing Problem (IRP). This problem arises when both types of decisions must be taken jointly, which is the case in vendor-managed inventory systems. The IRP has received significant attention in recent years. Several heuristic and exact algorithms are...
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This work is motivated by the need to solve the inventory routing problem when implementing a business practice called vendor managed inventory replenishment (VMI). With VMI, vendors monitor their customers’ inventories, and decide when and how much inventory should be replenished at each customer. The inventory routing problem attempts to coordinate inventory replenishment and transportation i...
متن کاملRobustness of inventory replenishment and customer selection policies for the dynamic and stochastic inventory-routing problem
When inventory management, distribution and routing decisions are determined simultaneously, implementing a vendor-managed inventory strategy, a difficult combinatorial optimization problem must be solved to determine which customers to visit, how much to replenish, and how to route the vehicles around them. This is known as the inventory-routing problem. We analyze a distribution system with o...
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ژورنال
عنوان ژورنال: Transportation Science
سال: 1999
ISSN: 0041-1655,1526-5447
DOI: 10.1287/trsc.33.4.361