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 language||English (US)|
|Publication status||Published - Dec 1 2005|
|Event||IIE Annual Conference and Exposition 2005 - Atlanta, GA, United States|
Duration: May 14 2005 → May 18 2005
|Other||IIE Annual Conference and Exposition 2005|
|Period||5/14/05 → 5/18/05|
All Science Journal Classification (ASJC) codes