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Logistics in Real Time Inventory Routing Operations under Stochastic Demand

In: Innovations in Distribution Logistics

Author

Listed:
  • Ricardo Giesen

    (Pontificia Universidad CatÓlica de Chile)

  • Hani S. Mahmassani

    (Northwestern University)

  • Patrick Jaillet

    (Massachusetts Institute of Technology)

Abstract

Summary This chapter studies real-time distribution strategies and their associated benefits for a two-level distribution system, from one depot to N retailers, wherein vehicle delivery routes can be updated using real-time information about current inventory levels and vehicle status. Three rolling horizon approaches are proposed in which plans are updated using a mathematical programming formulation. The proposed re-planning strategies are compared against two benchmark policies using a general discrete-event simulation framework. Proposed replanning strategies are shown to systematically outperform the two benchmark policies.

Suggested Citation

  • Ricardo Giesen & Hani S. Mahmassani & Patrick Jaillet, 2009. "Logistics in Real Time Inventory Routing Operations under Stochastic Demand," Lecture Notes in Economics and Mathematical Systems, in: Jo A.E.E. Nunen & M. Grazia Speranza & Luca Bertazzi (ed.), Innovations in Distribution Logistics, chapter 7, pages 109-148, Springer.
    • Handle: RePEc:spr:lnechp:978-3-540-92944-4_7
    DOI: 10.1007/978-3-540-92944-4_7
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