Multi-Product Inventory Logistics Modeling in the Process Industries

Danielle Zyngier () and Jeffrey D. Kelly ()
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Danielle Zyngier: Honeywell Process Solutions
Jeffrey D. Kelly: Honeywell Process Solutions

A chapter in Optimization and Logistics Challenges in the Enterprise, 2009, pp 61-95 from Springer

Abstract: Summary In this chapter the mathematical modeling of several types of inventories are detailed. The inventory types are classified as batch processes, pools, pipe lines, pile lines and parcels. The key construct for all inventory models is the “fill-hold/haul-draw” fractal found in all discontinuous inventory or holdup modeling. The equipment, vessel or unit must first be “filled” unless enough product is already held in the unit. Product can then be “held” or “hauled” for a definite (fixed) or indefinite (variable) amount of time and then “drawn” out of the unit when required. Mixed-integer linear programming (MILP) modeling formulations are presented for five different types of logistics inventory models which are computationally efficient and can be readily applied to industrial decision-making problems.

Keywords: Inventory Model; Batch Process; Logic Variable; Outlet Port; Inlet Port (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1007/978-0-387-88617-6_2

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