Optimization of Total Cost in Inventory Routing Problem with Homogenous type of Vehicles using Metaheuristic algorithm – A Review

This paper is a review on the use of metaheuristics to optimize inventory routing problem (IRP) in homogenous type of vehicles. It studies and analyses the various approaches developed towards solving the problem in recent years. It reviews the various types of IRPs and analyses the possible options...

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Bibliographic Details
Published in:Materials today : proceedings 2019, Vol.16, p.1043-1047
Main Authors: Thinkaran, N., Jayaprakash, J., Elanchezhian, C.
Format: Article
Language:English
Subjects:
algorithms
analysis
classes
comparison
inventory routing problem
optimization
types
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Summary:This paper is a review on the use of metaheuristics to optimize inventory routing problem (IRP) in homogenous type of vehicles. It studies and analyses the various approaches developed towards solving the problem in recent years. It reviews the various types of IRPs and analyses the possible options to solve them and compares them for optimization. Detailed studies have also been made on the various algorithms and classes of IRP.
ISSN:2214-7853
2214-7853
DOI:10.1016/j.matpr.2019.05.193