A two-stage inventory model with transshipment costs

Jose Antonio Ventura, Melanie L. De Grano, Brian Q. Rieksts

Research output: Contribution to conferencePaper

Abstract

Transportation and inventory are two major drivers in a supply chain network. This paper provides near-optimal policies for inventory models that allow various modes of shipping freight, namely, truckload transportation and less-than-truckload transportation. In particular, a heuristic algorithm for a one-warehouse multi-retailer system is presented that is shown to be 95% effective.

Original languageEnglish (US)
Publication statusPublished - Dec 1 2005
EventIIE Annual Conference and Exposition 2005 - Atlanta, GA, United States
Duration: May 14 2005May 18 2005

Other

OtherIIE Annual Conference and Exposition 2005
CountryUnited States
CityAtlanta, GA
Period5/14/055/18/05

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All Science Journal Classification (ASJC) codes

  • Engineering(all)

Cite this

Ventura, J. A., De Grano, M. L., & Rieksts, B. Q. (2005). A two-stage inventory model with transshipment costs. Paper presented at IIE Annual Conference and Exposition 2005, Atlanta, GA, United States.