The joint replenishment and freight consolidation of a warehouse in a supply chain

We have developed joint replenishment and consolidated freight delivery policies for a third party warehouse that handles multiple items, which have deterministic demand rates in a supply chain. Two policies are proposed and mathematical models are developed to obtain the optimal parameters for the...

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Bibliographic Details
Published in:International journal of production economics 2011-09, Vol.133 (1), p.344-350
Main Authors: Moon, I.K., Cha, B.C., Lee, C.U.
Format: Article
Language:English
Subjects:
Algorithms
Consolidation
Freight
Freight consolidation
Heuristic algorithm
Inventory management
Joint replenishment problem
Joint replenishment problem Freight consolidation Heuristic algorithm
Mathematical models
Optimization
Optimization algorithms
Policies
Replenishment
Studies
Supply chains
Warehouses
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Summary:We have developed joint replenishment and consolidated freight delivery policies for a third party warehouse that handles multiple items, which have deterministic demand rates in a supply chain. Two policies are proposed and mathematical models are developed to obtain the optimal parameters for the proposed policies. Four efficient algorithms are presented to solve the mathematical models for the two policies. The performances of the two policies with the parameters obtained from the proposed algorithms are then compared with the common cycle approach for 1600 randomly generated problems. The results show the robust performance of the proposed algorithm for both policies.
ISSN:0925-5273
1873-7579
DOI:10.1016/j.ijpe.2009.10.030