Performance Measurement for Inventory Routing

Jin-Hwa Song () and Martin Savelsbergh ()
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Jin-Hwa Song: The Logistics Institute, School of Industrial and Systems Engineering, Georgia Institute of Technology, Atlanta, Georgia 30332-0205
Martin Savelsbergh: The Logistics Institute, School of Industrial and Systems Engineering, Georgia Institute of Technology, Atlanta, Georgia 30332-0205

Transportation Science, 2007, vol. 41, issue 1, 44-54

Abstract: We develop technology to measure the effectiveness of distribution strategies for inventory routing. Popular, practical performance measures, such as volume delivered per mile, are effective in measuring relative performance but inadequate in measuring absolute performance. We develop a methodology that allows the computation of tight lower bounds on the total mileage required to satisfy customer demand over time. As a result, companies will be able to gain insight into the effectiveness of their distribution strategy.

Keywords: inventory routing; performance measurement; linear programming (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:ortrsc:v:41:y:2007:i:1:p:44-54

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