 An integrated model for warehouse and inventory planningGéraldine Strack and Yves Pochet European Journal of Operational Research, 2010, vol. 204, issue 1, 35-50 Abstract: The purpose of this article is to evaluate the value of integrating tactical warehouse and inventory decisions. Therefore, a global warehouse and inventory model is presented and solved. In order to solve this mathematical model, two solution methodologies are developed which offer different level of integration of warehouse and inventory decisions. Computational tests are performed on a real world database using multiple scenarios differing by the warehouse capacity limits and the warehouse and inventory costs. Our observation is that the total cost of the inventory and warehouse systems can be reduced drastically by taking into account the warehouse capacity restrictions in the inventory planning decisions, in an aggregate way. Moreover additional inventory and warehouse savings can be achieved by using more sophisticated integration methods for inventory and warehouse decisions. Keywords: Multi-item; inventory; model; Tactical; warehouse; model; Integrated; model; Lagrangian; relaxation (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:204:y:2010:i:1:p:35-50 Access Statistics for this article European Journal of Operational Research is currently edited by Roman Slowinski, Jesus Artalejo, Jean-Charles. Billaut, Robert Dyson and Lorenzo Peccati More articles in European Journal of Operational Research from Elsevier |
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