AN ANALYSIS OF INVENTORY AND TRANSPORTATION COSTS IN A CONSTRAINED NETWORK

This paper analyzes the complete materials handling process from production at supply points to consumption at demand points. Reasonable assumptions are made concerning production, inventory and transport costs along with production constraints and demand requirements. A local optimum is found using a generalized reduced gradient algorithm. Initial upper and lower bounds to the solution are also derived and a heuristic is introduced which finds a solution using linear network algorithms. The reduced gradient algorithm and the heuristic are applied to a hypothetical corporate sourcing problem.

• Availability:
  • Find a library where document is available. Order URL: https://www.library.northwestern.edu/find-borrow-request/requests-interlibrary-loan/lending-institutions.html
• Authors:
  • Benjamin, J
• Publication Date: 1989-8

Media Info

• Features: Figures; References; Tables;
• Pagination: p. 177-183
• Serial:
  • Transportation Science
  • Volume: 23
  • Issue Number: 3
  • Publisher: Institute for Operations Research and the Management Sciences (INFORMS)
  • ISSN: 0041-1655
  • Serial URL: http://transci.journal.informs.org/

Subject/Index Terms

• TRT Terms: Algorithms; Costs; Demand; Heuristic methods; Inventory; Logistics; Production; Suppliers; Transportation
• Subject Areas: Planning and Forecasting; Transportation (General); I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 00488566
• Record Type: Publication
• Files: TRIS, ATRI
• Created Date: Oct 31 1989 12:00AM