Inventory-routing problems (IRPs) arise in vendor-managed inventory systems. They require jointly solving a vehicle routing problem and an inventory management problem. Whereas the solutions they yield tend to benefit the vendor and customers, solving IRPs solely based on cost considerations may lead to inconveniences to both parties. These are related to the fleet size and vehicle load, to the...

Pharmacy managers face unique challenges when it comes to the proper management of inventory, with balancing inventory levels that satisfy patients’ needs while minimizing costs the primary goal. This goal is not met when inventory is managed without careful planning and analysis – for example, just ordering substantial quantities of each formulary medication in an institutional setting. While ...

Pharmacy managers face unique challenges when it comes to the proper management of inventory, with balancing inventory levels that satisfy patients’ needs while minimizing costs the primary goal. This goal is not met when inventory is managed without careful planning and analysis – for example, just ordering substantial quantities of each formulary medication in an institutional setting. While ...