Stochastic inventory routing for perishable products

Y. Crama, M. Rezaei, M.W.P. (Martin) Savelsbergh, T. van Woensel

Research output: Contribution to journalArticleAcademicpeer-review

7 Citations (Scopus)

Abstract

Different solution methods are developed to solve an inventory routing problem for a perishable product with stochastic demands. The solution methods are empirically compared 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 although a simple ordering policy can achieve very good performance, 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.

LanguageEnglish
Pages526-546
Number of pages21
JournalTransportation Science
Volume52
Issue number3
DOIs
StatePublished - 1 May 2018

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Profitability
profit
uncertainty
demand
performance
Uncertainty

Keywords

  • Inventory routing problem
  • Perishable inventory routing
  • Perishable inventory system
  • Stochastic inventory routing

Cite this

Crama, Y., Rezaei, M., Savelsbergh, M. W. P. M., & van Woensel, T. (2018). Stochastic inventory routing for perishable products. Transportation Science, 52(3), 526-546. DOI: 10.1287/trsc.2017.0799
Crama, Y. ; Rezaei, M. ; Savelsbergh, M.W.P. (Martin) ; van Woensel, T./ Stochastic inventory routing for perishable products. In: Transportation Science. 2018 ; Vol. 52, No. 3. pp. 526-546
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Crama, Y, Rezaei, M, Savelsbergh, MWPM & van Woensel, T 2018, 'Stochastic inventory routing for perishable products' Transportation Science, vol. 52, no. 3, pp. 526-546. DOI: 10.1287/trsc.2017.0799

Stochastic inventory routing for perishable products. / Crama, Y.; Rezaei, M.; Savelsbergh, M.W.P. (Martin); van Woensel, T.

In: Transportation Science, Vol. 52, No. 3, 01.05.2018, p. 526-546.

Research output: Contribution to journalArticleAcademicpeer-review

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Crama Y, Rezaei M, Savelsbergh MWPM, van Woensel T. Stochastic inventory routing for perishable products. Transportation Science. 2018 May 1;52(3):526-546. Available from, DOI: 10.1287/trsc.2017.0799