Joint Production-Inventory-Location Problem with Correlated Demand
This paper develops a mixed integer nonlinear programming formulation for the production- inventory-location problem with correlated demand across the retailers. Several structural results for special cases of the problem are derived and studied. A methodology based on the outer approximation of the nonlinear terms is developed to solve the problem. The efficiency of the proposed model and solution approach is investigated through extensive numerical studies. In addition, the authors show that the efficiency of the solution methodology increases significantly for two special cases – when all products have the same holding cost and when the number of orders for different products at each warehouse is constrained to be the same.
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Supplemental Notes:
- This paper was sponsored by TRB committee ADB30 Standing Committee on Transportation Network Modeling.
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Corporate Authors:
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Authors:
- Shahabi, Mehrdad
- Tafreshian, Amirmahdi
- Unnikrishnan, Avinash
- Boyles, Stephen D
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Conference:
- Transportation Research Board 95th Annual Meeting
- Location: Washington DC, United States
- Date: 2016-1-10 to 2016-1-14
- Date: 2016
Language
- English
Media Info
- Media Type: Digital/other
- Features: Figures; References; Tables;
- Pagination: 22p
- Monograph Title: TRB 95th Annual Meeting Compendium of Papers
Subject/Index Terms
- TRT Terms: Demand; Location; Mixed integer programming; Production; Retail trade; Supply chain management
- Subject Areas: Freight Transportation; Planning and Forecasting; I72: Traffic and Transport Planning;
Filing Info
- Accession Number: 01590765
- Record Type: Publication
- Report/Paper Numbers: 16-5328
- Files: TRIS, TRB, ATRI
- Created Date: Feb 22 2016 1:18PM