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Inventory-routing model, for a multi-period problem with stochastic and deterministic demand
Ribeiro, Rita; Ramalhinho-Lourenço, Helena
Universitat Pompeu Fabra. Departament d'Economia i Empresa
The need for integration in the supply chain management leads us to considerthe coordination of two logistic planning functions: transportation andinventory. The coordination of these activities can be an extremely importantsource of competitive advantage in the supply chain management. The battle forcost reduction can pass through the equilibrium of transportation versusinventory managing costs. In this work, we study the specific case of aninventory-routing problem for a week planning period with different types ofdemand. A heuristic methodology, based on the Iterated Local Search, isproposed to solve the Multi-Period Inventory Routing Problem with stochasticand deterministic demand.
15-09-2005
Business Economics and Industrial Organization
inventory-routing
iterated local search
logistics
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