Two-stage inventory models with a bi-modal transportation cost

B. Q. Rieksts, José A. Ventura

Research output: Contribution to journalArticle

17 Scopus citations

Abstract

This paper discusses inventory models over an infinite planning horizon with constant demand rate and two modes of transportation. These transportation options include truckloads and a less than truckload carrier. An optimal algorithm is derived for a one-warehouse one-retailer system. A power-of-two heuristic algorithm is also proposed for a one-warehouse multi-retailer system. Computational results are provided to show that, on the average, the heuristic algorithm is at least 94% effective.

Original languageEnglish (US)
Pages (from-to)20-31
Number of pages12
JournalComputers and Operations Research
Volume37
Issue number1
DOIs
StatePublished - Jan 1 2010

All Science Journal Classification (ASJC) codes

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

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