Logistics in Real Time Inventory Routing Operations under Stochastic Demand

Ricardo Giesen (), Hani S. Mahmassani () and Patrick Jaillet ()
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Ricardo Giesen: Pontificia Universidad CatÓlica de Chile
Hani S. Mahmassani: Northwestern University
Patrick Jaillet: Massachusetts Institute of Technology

Chapter 7 in Innovations in Distribution Logistics, 2009, pp 109-148 from Springer

Abstract: Summary This chapter studies real-time distribution strategies and their associated benefits for a two-level distribution system, from one depot to N retailers, wherein vehicle delivery routes can be updated using real-time information about current inventory levels and vehicle status. Three rolling horizon approaches are proposed in which plans are updated using a mathematical programming formulation. The proposed re-planning strategies are compared against two benchmark policies using a general discrete-event simulation framework. Proposed replanning strategies are shown to systematically outperform the two benchmark policies.

Keywords: Inventory Level; Vehicle Route Problem; Transportation Research Part; Demand Variability; Inventory Route Problem (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-540-92944-4_7

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DOI: 10.1007/978-3-540-92944-4_7

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