Optimal Production, Delivery and Inventory Policies for Perishable Products with Replenishment Lead Time in Two-Echelon Distribution Network

This paper analyzes a joint production and two-echelon vehicle routing problem for perishable products with replenishment lead time. A newly-designed model is formulated in an attempt to simultaneously optimize production, replenishment, inventory and routing decisions for products over a planning h...

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Bibliographic Details
Published in2019 IEEE 6th International Conference on Industrial Engineering and Applications (ICIEA) pp. 262 - 266
Main Authors Liu, Yunhan, Gao, Benhe, Liu, Hao, Wei, Mingyuan
Format Conference Proceeding
LanguageEnglish
Published IEEE 01.04.2019
Subjects
Inventory management
inventoy policies
lead time
Mathematical model
perishable products
Planning
production routing
Routing
Satellites
two-echelon routing
Vehicle routing
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Summary:This paper analyzes a joint production and two-echelon vehicle routing problem for perishable products with replenishment lead time. A newly-designed model is formulated in an attempt to simultaneously optimize production, replenishment, inventory and routing decisions for products over a planning horizon. Moreover, we discuss different inventory policies in both two echelons and propose four propositions to model them. Additionally, the performance of four combined policies are analyzed based on different conditions, which provides some managerial insights to inventory management in practical applications.
DOI:10.1109/IEA.2019.8714984