Optimal inventory policies with two modes of freight transportation

Brian Q. Rieksts; José A. Ventura

doi:10.1016/j.ejor.2007.01.042

Optimal inventory policies with two modes of freight transportation

Brian Q. Rieksts, José A. Ventura

Marcus Department of Industrial and Manufacturing Engineering

Research output: Contribution to journal › Article › peer-review

47 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 language	English (US)
Pages (from-to)	576-585
Number of pages	10
Journal	European Journal of Operational Research
Volume	186
Issue number	2
DOIs	https://doi.org/10.1016/j.ejor.2007.01.042
State	Published - Apr 16 2008

All Science Journal Classification (ASJC) codes

General Computer Science
Modeling and Simulation
Management Science and Operations Research
Information Systems and Management

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10.1016/j.ejor.2007.01.042

Cite this

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AB - 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.

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Optimal inventory policies with two modes of freight transportation

Abstract

All Science Journal Classification (ASJC) codes

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