Abstract
The paper addresses optimization issues in inventory management networks organized in an arbitrary – mesh – topology. The stock at a network node, depleted according to uncertain, external demand and internal transshipments, is replenished with positive lead-time delay from other nodes and exogenous sources. The replenishment process is governed by the order-up-to policy, implemented in a distributed way. The objective is to ensure maximum customer service rate while minimizing the overall holding costs. In order to answer the computational challenges arising from the complexity of system structure a simple heuristic to tune the policy parameters is proposed and evaluated in numerical experiments.
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Ignaciuk, P., Wieczorek, Ł. (2018). Optimization of Mesh-Type Logistic Networks for Achieving Max Service Rate Under Order-Up-To Inventory Policy. In: Wilimowska, Z., Borzemski, L., Świątek, J. (eds) Information Systems Architecture and Technology: Proceedings of 38th International Conference on Information Systems Architecture and Technology – ISAT 2017. ISAT 2017. Advances in Intelligent Systems and Computing, vol 657. Springer, Cham. https://doi.org/10.1007/978-3-319-67223-6_12
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DOI: https://doi.org/10.1007/978-3-319-67223-6_12
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