Abstract
We consider a logistics network where a single warehouse distributes a single item to multiple retailers. Retailers in the network participate in a Vendor Managed Inventory (VMI) program with the warehouse, where the warehouse is responsible for tracking and replenishing the inventory at various retailer locations. The information update occurs every time a vehicle reaches a location and the decision on the delivery quantity and the next location to visit is made. For a small increase of locations in the network, the state space for the solution increases exponentially, making this problem NP-hard. Thus, we propose a solution methodology where in the size of the state space is reduced at each stage. In this work, we use simulation to develop the framework for the real-time control and management of inventory and routing decisions, given this scenario.
Recommended Citation
S. Jarugumilli et al., "A Simulation Framework for Real-Time Management and Control of Inventory Routing Decisions," Institute of Electrical and Electronics Engineers (IEEE), Jan 2006.
The definitive version is available at https://doi.org/10.1109/WSC.2006.322917
Department(s)
Engineering Management and Systems Engineering
Document Type
Article - Conference proceedings
Document Version
Final Version
File Type
text
Language(s)
English
Rights
© 2006 Institute of Electrical and Electronics Engineers (IEEE), All rights reserved.
Publication Date
01 Jan 2006
