Name
Title | ||
|---|---|---|
Delivery Cost Approximations for Inventory Routing Problems in a Rolling Horizon Framework |
Abstract | ||
|---|---|---|
The inventory routing problem considered in this paper is concerned with the repeated distribution of a commodity, such as heating oil, over a long period of time to a large number of customers. The problem involves a central depot as well as various satellite facilities which the drivers can visit during their shift to refill their vehicles. The customers maintain a local inventory of the commodity. Their consumption varies daily and cannot be predicted deterministically. In case of a stockout, a direct delivery is made and a penalty cost is incurred. In this paper, we present incremental cost approximations to be used in a rolling horizon framework for the problem of minimizing the total expected annual delivery costs. |
Year | DOI | Venue |
|---|---|---|
2002 | 10.1287/trsc.36.3.292.7829 | Transportation Science |
Keywords | Field | DocType |
annual delivery cost,incremental cost approximation,direct delivery,rolling horizon framework,inventory routing problems,long period,delivery cost approximations,repeated distribution,penalty cost,local inventory,central depot,large number,cost estimating,simulation,monte carlo method,mathematical models,routing | Rolling horizon,Mathematical optimization,Commodity,Operations research,Marginal cost,Cost estimate,Heating oil,Mathematical model,Stockout,Mathematics,Input/output (C++),Operations management | Journal |
Volume | Issue | ISSN |
36 | 3 | 0041-1655 |
Citations | PageRank | References |
31 | 1.98 | 12 |
Authors | ||
4 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Patrick Jaillet | 1 | 989 | 110.26 |
| Jonathan F. Bard | 2 | 1428 | 144.29 |
| Liu Huang | 3 | 75 | 5.97 |
| Moshe Dror | 4 | 574 | 64.77 |