Optimal inventory policies with two modes of freight transportation

Brian Q. Rieksts, Jose Antonio Ventura

Research output: Contribution to journalArticle

38 Citations (Scopus)

Abstract

Theoretical inventory models with constant demand rate and two transportation modes are analyzed in this paper. The transportation options are truckloads with fixed costs, a package delivery carrier with a constant cost per unit, or using a combination of both modes simultaneously. Exact algorithms for computing the optimal policies are derived for single stage models over both an infinite and a finite planning horizon.

Original languageEnglish (US)
Pages (from-to)576-585
Number of pages10
JournalEuropean Journal of Operational Research
Volume186
Issue number2
DOIs
StatePublished - Apr 16 2008

Fingerprint

Freight transportation
Inventory Model
Costs
Exact Algorithms
Optimal Policy
Theoretical Model
Horizon
Planning
Unit
Computing
Policy
Inventory policy
Model
Demand
Inventory model
Optimal policy
Fixed costs
Stage model

All Science Journal Classification (ASJC) codes

  • Modeling and Simulation
  • Management Science and Operations Research
  • Information Systems and Management

Cite this

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Optimal inventory policies with two modes of freight transportation. / Rieksts, Brian Q.; Ventura, Jose Antonio.

In: European Journal of Operational Research, Vol. 186, No. 2, 16.04.2008, p. 576-585.

Research output: Contribution to journalArticle

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