Title :
To construct 100%-asymptotic optimal inventory routing strategies
Author :
Jianxiang Li ; Huijiang Wu
Author_Institution :
Dept. of Autom. Control, Beijing Inst. of Technol., Beijing
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;
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
DOI :
10.1109/CCDC.2008.4598339
