Vendor managed inventory for environments with stochastic product usage

Title: Vendor managed inventory for environments with stochastic product usage
Creator: Hemmelmayr, Vera; Doerner, Karl F.; Hartl, Richard F.; Savelsbergh, Martin W. P.
Relation: European Journal of Operational Research Vol. 202, Issue 3, p. 686-695
Publisher Link: http://dx.doi.org/10.1016/j.ejor.2009.06.003
Publisher: Elsevier BV
Resource Type: journal article
Date: 2010
Description: We develop technology to plan delivery routes for the supply of blood products to hospitals by a blood bank. The technology produces low cost, robust plans that hedge against the natural uncertainty associated with blood product usage at hospitals. The technology relies on sampling-based approaches involving integer programming and variable neighborhood search. An extensive computational study shows the efficacy of the two approaches and highlights the impact of product usage uncertainty on the resulting delivery plans.
Subject: inventory routing; demand uncertainty; variable neighborhood search; sampling
Identifier: http://hdl.handle.net/1959.13/938621
Identifier: uon:12645
Identifier: ISSN:0377-2217
Language: eng
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