Abstract
We have developed joint replenishment and consolidated freight delivery policies for a third party warehouse that handles multiple items, which have deterministic demand rates in a supply chain. Two policies are proposed and mathematical models are developed to obtain the optimal parameters for the proposed policies. Four efficient algorithms are presented to solve the mathematical models for the two policies. The performances of the two policies with the parameters obtained from the proposed algorithms are then compared with the common cycle approach for 1600 randomly generated problems. The results show the robust performance of the proposed algorithm for both policies.
| Original language | English |
|---|---|
| Pages (from-to) | 344-350 |
| Number of pages | 7 |
| Journal | International Journal of Production Economics |
| Volume | 133 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 2011 Sep |
Keywords
- Freight consolidation
- Heuristic algorithm
- Joint replenishment problem
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- Economics and Econometrics
- Management Science and Operations Research
- Industrial and Manufacturing Engineering
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Cite this
Moon, I. K., Cha, B. C., & Lee, C. U. (2011). The joint replenishment and freight consolidation of a warehouse in a supply chain. International Journal of Production Economics, 133(1), 344-350. https://doi.org/10.1016/j.ijpe.2009.10.030