A Joint Replenishment Inventory-Location Model

Francisco José Silva and Lucia Gao ()

Networks and Spatial Economics, 2013, vol. 13, issue 1, 107-122

Abstract: We introduce a distribution center location model that incorporates joint replenishment inventory costs at the distribution centers. The model is formulated as a Fixed Charge Location Problem (FCLP) which objectively considers not only location specific costs but also inventory replenishment costs. In the joint replenishment problem we consider a single item and several distribution centers in different locations and apply a similar algorithm to the one used to solve the multi-item problem. We propose a Greedy Randomized Adaptive Search Procedure (GRASP) to solve the problem. Copyright Springer Science+Business Media, LLC 2013

Keywords: Inventory; Location; Joint replenishment (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (11)

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DOI: 10.1007/s11067-012-9174-2

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