DocumentCode :
2370453
Title :
On determining and applying optimal control strategies for optimal delivery of goods to a network of retailers based on inventory levels
Author :
Giglio, Davide
Author_Institution :
Dept. of Commun., Comput. & Syst. Sci., Univ. of Genova, Genova, Italy
fYear :
2011
fDate :
5-7 Oct. 2011
Firstpage :
482
Lastpage :
489
Abstract :
The problem of delivering goods from a central storage warehouse to a network of retailers distributed over the territory is considered in this paper. It belongs to the class of Inventory-Routing Problems (IRP), since decisions concerning the set of retailers to be visited, the sequence in accordance with the retailers are visited, and the amount of goods to be delivered to the retailers are taken on the basis of the stock of goods (inventory level) at the retailers. The proposed methodology allows determining optimal control strategies and updating them in real-time, on the basis of the actual measurements of inventory levels provided by the retailers. It belongs to the class of Vendor-Managed Inventory (VMI) approaches, as replenishment decisions are taken by the vendor, and consists of an “off-line phase”, to be accomplished daily before the beginning of the delivery process, and of an “on-line phase”, to be carried out at the start of the trip and at the end of each delivery.
Keywords :
optimal control; retailing; stock control; warehousing; IRP; VMI approach; central storage warehouse; inventory levels; inventory-routing problems; optimal control; optimal goods delivery; retailers; vendor-managed inventory; Indexes; Inventory control; Inventory management; Optimal control; Real time systems; Vehicles;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Intelligent Transportation Systems (ITSC), 2011 14th International IEEE Conference on
Conference_Location :
Washington, DC
ISSN :
2153-0009
Print_ISBN :
978-1-4577-2198-4
Type :
conf
DOI :
10.1109/ITSC.2011.6083043
Filename :
6083043
Link To Document :
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