Integrated Inventory and Transportation Mode Selection: A Service Parts Logistics System

The authors present an optimization-based model to gain insights into the integrated inventory and transportation problem for a single-echelon, multi-facility service parts logistics system with time-based service level constraints. As an optimization goal, the authors minimize the relevant inventory and transportation costs while ensuring that service constraints are met. The model builds on stochastic base-stock inventory model and integrates it with transportation options and service responsiveness that can be achieved using alternate modes (namely slow, medium and fast). The results obtained through different networks show that significant benefits can be obtained from transportation mode and inventory integration.

Language

  • English

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 01109961
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jul 31 2008 1:19PM