Reference : Stochastic Inventory Routing for Perishable Products
Scientific journals : Article
Business & economic sciences : Production, distribution & supply chain management
Business & economic sciences : Quantitative methods in economics & management
Stochastic Inventory Routing for Perishable Products
Crama, Yves mailto [Université de Liège > HEC Liège : UER > Recherche opérationnelle et gestion de la production >]
Rezaei Sadrabadi, Mahmood [Université de Liège > HEC Liège : UER > Recherche opérationnelle et gestion de la production >]
Savelsbergh, Martin [> >]
Van Woensel, Tom [> >]
Transportation Science
INFORMS: Institute for Operations Research
Yes (verified by ORBi)
[en] inventory routing problem ; perishable inventory system ; perishable inventory routing ; stochastic inventory routing
[en] Different solution methods are developed to solve an inventory routing problem for a perishable product with stochastic demands. The solution methods are compared empirically in terms of average profit, service level, and actual freshness. The benefits of explicitly considering demand uncertainty are quantified. The computational study highlights that in certain situations a simple ordering policy can already reach a very good performance, but that statistically and economically significant improvements are achieved when using more advanced solution methods. Managerial insights concerning the impact of shelf life and store capacity on profit are also obtained.
QuantOM - HEC
Politique Scientifique Fédérale (Belgique) = Belgian Federal Science Policy
PAI P7/36 Comex
Published online as "Articles in advance".

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