Optimal inventory policies with two modes of freight transportation

Brian Q. Rieksts, José A. Ventura

Research output: Contribution to journalArticlepeer-review

44 Scopus citations

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

All Science Journal Classification (ASJC) codes

  • Computer Science(all)
  • Modeling and Simulation
  • Management Science and Operations Research
  • Information Systems and Management

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