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Inventory routing. (English) Zbl 1187.90039
Golden, Bruce (ed.) et al., The vehicle routing problem. Latest advances and new challenges. New York, NY: Springer (ISBN 978-0-387-77777-1/hbk). Operations Research/Computer Science Interfaces Series 43, 49-72 (2008).
Summary: In this chapter, we introduce inventory routing problems. Inventory routing problems are among the more important and more challenging extensions of vehicle routing problems, in which inventory control and routing decisions have to be made simultaneously. The objective is to determine distribution policies that minimize the total cost, i.e., the sum of inventory holding and transportation costs, while avoiding stock-outs and respecting storage capacity limitations. All inventory routing problems have some common characteristics, but they may also have a number of significantly different characteristics. As a result, a variety of solution approaches has been developed. We discuss the various characteristics of inventory routing problems in order to create an understanding of and instill an appreciation for the complexities of inventory routing problems.
For the entire collection see [Zbl 1142.90004].

MSC:
90B06 Transportation, logistics and supply chain management
90B05 Inventory, storage, reservoirs
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