To construct 100%-asymptotic optimal inventory routing strategies

Author

Jianxiang Li ; Huijiang Wu

Author_Institution

Dept. of Autom. Control, Beijing Inst. of Technol., Beijing

fYear

2008

fDate

2-4 July 2008

Firstpage

5283

Lastpage

5286

Abstract

Inventory routing problem (IRP) has become a hotspot of researches on supply chain management. This paper considers infinite horizon deterministic inventory routing problems for both a two-level distribution system and a three-level distribution system. A simple region partitioning policy is designed. Based on the region partitioning policy, 100%-asymptotic optimal inventory routing strategies in the Phi strategies are constructed for the two distribution systems, respectively. The strategies proposed are better than the asymptotical sub-optimal policies suggested in the literature.

Keywords

inventory management; supply chain management; transportation; asymptotic optimal inventory routing strategies; region partitioning policy; supply chain management; three-level distribution system; two-level distribution system; Algorithm design and analysis; Control systems; Infinite horizon; Mathematics; Optimal control; Partitioning algorithms; Routing; Supply chain management; Transportation; Inventory; Inventory routing problem; Probability analysis; Supply chain management; Transportation;

fLanguage

English

Publisher

ieee

Conference_Titel

Control and Decision Conference, 2008. CCDC 2008. Chinese

Conference_Location

Yantai, Shandong

Print_ISBN

978-1-4244-1733-9

Electronic_ISBN

978-1-4244-1734-6

Type

conf

DOI

10.1109/CCDC.2008.4598339

Filename

4598339