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Abstract

The inventory routing problem (IRP) is a challenging optimization problem underlying the vendor managed inventory policy. In this paper, we focus on a particular case of this problem, namely, the long-term single-vehicle IRP with stable demand rates. The objective is thus to develop an optimal cyclical distribution plan, of a single product, from a single distribution center to a set of selected customers. After an analysis of the problem’s features, we propose and discuss a hybrid approximation algorithm to solve the problem. The approach is then tested on some randomly generated problems to evaluate its performance.

Keywords

Cycle Time Demand Rate Vendor Manage Inventory Inventory Rout Problem Minimal Cycle Time 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2008

Authors and Affiliations

  • Yiqing Zhong
    • 1
  • El-Houssaine Aghezzaf
    • 1
  1. 1.Department of Industrial ManagementGhent UniversityZwijnaardeBelgium

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