A Strategic Inventory Routing Problem Model in VMI & TPL

Author

Tang Zhongming ; Liu Zhixue

Author_Institution

Sch. of Manage., Huazhong Univ. of Sci. & Technol., Wuhan

fYear

2008

fDate

12-14 Oct. 2008

Firstpage

1

Lastpage

4

Abstract

This paper addresses inventory routing problem (IRP) in the context of integrating vendor managed inventory and third party logistics. The IRP model discussed in this paper has three main characters: based on strategy, three-tiered supply chain and many-TPL-one network. This paper describes the problem and assumptions in detail and builds a model and computation procedure for the IRP. A heuristic algorithm is designed to solve the problem concerned in the paper. A numerical study is given to explain it at last. Computational results show that the new model and approach yields significant reductions in the size of fleet.

Keywords

inventory management; logistics; numerical analysis; supply chain management; heuristic algorithm; strategic inventory routing problem model; third party logistic; three-tiered supply chain; vendor managed inventory integration; Context modeling; Costs; Infinite horizon; Inventory management; Logistics; Routing; Supply chains; Technology management; Vehicles; Virtual manufacturing;

fLanguage

English

Publisher

ieee

Conference_Titel

Wireless Communications, Networking and Mobile Computing, 2008. WiCOM '08. 4th International Conference on

Conference_Location

Dalian

Print_ISBN

978-1-4244-2107-7

Electronic_ISBN

978-1-4244-2108-4

Type

conf

DOI

10.1109/WiCom.2008.1644

Filename

4679552