Performance Measurement for Inventory Routing

Authors:
Jin-Hwa Song;Martin Savelsbergh
Affiliations:
The Logistics Institute, School of Industrial and Systems Engineering, Georgia Institute of Technology, Atlanta, Georgia 30332-0205;The Logistics Institute, School of Industrial and Systems Engineering, Georgia Institute of Technology, Atlanta, Georgia 30332-0205
Venue:
Transportation Science
Year:
2007

Citing 15
Cited 5

A vehicle routing improvement algorithm comparison of a “greedy” and a matching implementation for inventory routing

Computers and Operations Research
A global approach to crew-pairing optimization

IBM Systems Journal
Integrating routing and inventory decisions in one-warehouse multiretailer multiproduct distribution systems

Management Science
A Decomposition Approach to the Inventory Routing Problem with Satellite Facilities

Transportation Science
Probabilistic Analyses and Practical Algorithms for Inventory-Routing Models

Operations Research
Synchronized Development of Production, Inventory, and Distribution Schedules

Transportation Science
Deliveries in an Inventory/Routing Problem Using Stochastic Dynamic Programming

Transportation Science
Deterministic Order-Up-To Level Policies in an Inventory Routing Problem

Transportation Science
The Stochastic Inventory Routing Problem with Direct Deliveries

Transportation Science
Delivery Cost Approximations for Inventory Routing Problems in a Rolling Horizon Framework

Transportation Science
Integrating local search and network flow to solve the inventory routing problem

Eighteenth national conference on Artificial intelligence
Price-Directed Replenishment of Subsets: Methodology and Its Application to Inventory Routing

Manufacturing & Service Operations Management
Dynamic Programming Approximations for a Stochastic Inventory Routing Problem

Transportation Science
A Periodic Inventory Routing Problem at a Supermarket Chain

Operations Research
A Price-Directed Approach to Stochastic Inventory/Routing

Operations Research

An optimization algorithm for the inventory routing problem with continuous moves

Computers and Operations Research
Invited Review: Industrial aspects and literature survey: Combined inventory management and routing

Computers and Operations Research
Randomized Local Search for Real-Life Inventory Routing

Transportation Science
The biobjective inventory routing problem: problem solution and decision support

INOC'11 Proceedings of the 5th international conference on Network optimization
Allocating Cost of Service to Customers in Inventory Routing

Operations Research

Quantified Score

Hi-index	0.00

Visualization

Abstract

We develop technology to measure the effectiveness of distribution strategies for inventory routing. Popular, practical performance measures, such as volume delivered per mile, are effective in measuring relative performance but inadequate in measuring absolute performance. We develop a methodology that allows the computation of tight lower bounds on the total mileage required to satisfy customer demand over time. As a result, companies will be able to gain insight into the effectiveness of their distribution strategy.