Integration of inventory and transportation decisions in a logistics system

Transportation Research Part E: Logistics and Transportation Review

Volumn 46, Issue 6, 2010, Pages 913-925

  Zhao, Qiu hong ^a   Chen, Shuang ^b   Leung, Stephen C H ^c   Lai, K K ^c  

^a BEIHANG UNIVERSITY   (China)

^b University of Florida   (United States)

^c CITY UNIVERSITY OF HONG KONG   (Hong Kong)

Author keywords

Case study; Integrated logistics system; Inventory and transportation management; Markov Decision Process; Vendor managed inventory

Indexed keywords

COAL; DECISION MAKING; DECISION SUPPORT SYSTEMS; LOGISTICS;

CASE-STUDIES; CENTRAL WAREHOUSE; DELIVERY PROBLEMS; INTEGRATED LOGISTICS SYSTEM; INVENTORY MANAGEMENT; LOGISTICS SYSTEM; MARKOV DECISION PROCESSES; ORDER PROBLEMS; TRANSPORTATION MANAGEMENT; VENDOR MANAGED INVENTORY;

MARKOV PROCESSES;

ALGORITHM; COAL TRADE; COMPUTER SIMULATION; DECISION MAKING; EFFICIENCY MEASUREMENT; INTEGRATED APPROACH; INVENTORY; LOGISTICS; MARKOV CHAIN; NUMERICAL MODEL; STRATEGIC APPROACH; TRAFFIC MANAGEMENT; TRANSPORTATION MODE; TRANSPORTATION PLANNING;

EID: 77954309786     PISSN: 13665545     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.tre.2010.03.001     Document Type: Article

References (35)

1. Andel T. Manage inventory, own information. Transportation and Distribution 1996, 37:54-58.
2. Angulo A., Nachtmann H., Waller M.A. Supply chain information sharing in a vendor managed inventory partnership. Journal of Business Logistics 2004, 25:101-125.
3. Archetti C., Bertazzi L., Laporte G., Speranza M.G. A branch-and-cut algorithm for a vendor-managed inventory-routing problem. Transportation Science 2007, 41(3):382-391.
4. Aviv, Y., Federguen, A., 1998. The operational benefits of information sharing and vendor managed inventory (VMI) programs. Technical Report, Columbia University, New York.
5. Bichescu B.C., Fry M.J. Vendor-managed inventory and the effect of channel power. OR Spectrum 2009, 31(1):195-228.
6. Cardos M., Garcia-Sabater J.P. Designing a consumer products retail chain inventory replenishment policy with the consideration of transportation costs. International Journal of Production Economics 2006, 104:525-535.
7. Cheung K.L., Lee H.L. The inventory benefit of shipment coordination and stock rebalancing in a supply chain. Management Science 2002, 48:300-306.
8. Clark A., Scarf H. Optimal policies for a multi-echelon inventory problem. Management Science 1960, 6:475-490.
9. Disney S.M., Potter A.T., Gardner B.M. The impact of vendor managed inventory on transport operations. Transportation Research Part E: Logistics and Transportation Review 2003, 39:363-380.
10. Ganeshan R. Managing supply chain inventories: a multiple retailer, one warehouse, multiple supplier model. International Journal of Production Economics 1999, 59:341-354.
11. Gayon J.P., Benjaafar S., de Vericourt F. Using imperfect advance demand information in production-inventory systems with multiple customer classes. Manufacturing and Service Operations Management 2009, 11(1):128-143.
12. Giannoccaro I., Pontrandolfo P. Inventory management in supply chains: a reinforcement learning approach. International Journal of Production Economics 2002, 78:153-161.
13. Heyman D., Sobel M. Stochastic Models in Operations Research 1984, vol. II. Springer, Berlin.
14. Howard R. Dynamic programming and Markov Processes 1960, The MIT Press, Cambridge, Massachusetts.
15. Kutanoglu E., Lohiya D. Integrated inventory and transportation mode selection: a service parts logistics system. Transportation Research Part E: Logistics and Transportation Review 2008, 44:665-683.
16. Lee H.L., So K.C., Tang C.S. The value of information sharing in a two-level supply chain. Management Science 2000, 46:626-643.
17. Levi R., Pal M., Roundy R., Shmoys D. Approximation algorithms for stochastic inventory control models. Mathematics of Operations Research 2007, 32:284-302.
18. Mason S., Mauricio R., Farris J.A., Kirk R.G. Integrating the warehousing and transportation functions of the supply chain. Transportation Research Part E: Logistics and Transportation Review 2003, 39:141-159.
19. Mustaffa N.H., Potter A. Healthcare supply chain management in Malaysia: a case study. Supply Chain Management: An International Journal 2009, 14(3):234-243.
20. Nachiappan S.P., Jawahar N. A genetic algorithm for optimal operating parameters of VMI system in a two-echelon supply chain. European Journal of Operational Research 2007, 182(3):1433-1452.
21. Ng W.L., Leung S.C.H., Lam J.K.P., Pan S.W. Petrol delivery tanker assignment and routing: a case study in Hong Kong. Journal of the Operational Research Society 2008, 59(9):1191-1200.
22. Pundoor G., Chen Z.L. Joint cyclic production and delivery scheduling in a two-stage supply chain. International Journal of Production Economics 2009, 19(1):55-74.
23. Puterman M.L. Markov Decision Processes: Discrete Stochastic Programming 1994, John Wiley, New York.
24. Puterman M.L., Shin M.C. Modified policy iteration algorithms for discounted Markov decision problems. Management Science 1978, 24:1127-1137.
25. Puterman M.L., Shin M.C. Action elimination procedures for modified policy iteration algorithms. Operation Research 1982, 30:301-318.
26. Qu W.W., Bookbinder J.H., Iyogun P. An integrated inventory-transportation system with modified periodic policy for multiple products. European Journal of Operational Research 1999, 115:254-269.
27. Silver E.A., Pyke D.F., Peterson R. Inventory Management and Production Planning and Scheduling 1998, Wiley, Chichester. third ed.
28. Simchi-Levi D., Zhao Y. The value of information sharing in a two-stage supply chain with production capacity constraints: the infinite horizon case. Probability in the Engineering and Information Sciences 2004, 18:247-274.
29. Stevenson M., Spring M. Flexibility from a supply chain perspective: definition and review. International Journal of Operations & Production Management 2007, 27:685-713.
30. Wang C.X. Random yield and uncertain demand in decentralised supply chains under the traditional and VMI arrangements. International Journal of Production Research 2009, 47(7):1955-1968.
31. Yao Y.L., Evers P.T., Dresner M.E. Supply chain integration in vendor-managed inventory. Decision Support Systems 2007, 43(2):663-674.
32. Yin K.K., Yin G.G., Liu H. Stochastic modeling for inventory and production planning in the paper industry. AIChE Journal 2004, 50:2877-2890.
33. Yokoyama M., Lewis H.W. Optimization of the stochastic dynamic production cycling problem of a genetic algorithm. Computers and Operations Research 2003, 30:1831-1849.
34. Zhao Q.H., Wang S.Y., Lai K.K., A partition approach to the inventory/routing problem European Journal of Operational Research 2007, 177:786-802.
35. Zhao Q.H., Cheng T.C.E. An analytical study of the modification ability of distribution centers. European Journal of Operational Research 2009, 194:901-910.