loading...
 This Article 
   
 Share 
   
 Bibliographic References 
   
 Add to: 
 
Digg
Furl
Spurl
Blink
Simpy
Google
Del.icio.us
Y!MyWeb
 
 Search 
   
A Hybrid Approach to Designing Inbound-Resupply Strategies
July/August 2005 (vol. 20 no. 4)
pp. 31-35
ASCII Text
x 
 
Wout Dullaert, Bert Vernimmen, Birger Raa, Frank Witlox, "A Hybrid Approach to Designing Inbound-Resupply Strategies," IEEE Intelligent Systems, vol. 20, no. 4, pp. 31-35, July/August, 2005.
 
 
BibTex
x
 
@article{ 10.1109/MIS.2005.60,
author = {Wout Dullaert and Bert Vernimmen and Birger Raa and Frank Witlox},
title = {A Hybrid Approach to Designing Inbound-Resupply Strategies},
journal ={IEEE Intelligent Systems},
volume = {20},
number = {4},
issn = {1541-1672},
year = {2005},
pages = {31-35},
doi = {http://doi.ieeecomputersociety.org/10.1109/MIS.2005.60},
publisher = {IEEE Computer Society},
address = {Los Alamitos, CA, USA},
}
 
 
RefWorks Procite/RefMan/Endnote
x 
 
TY - MGZN
JO - IEEE Intelligent Systems
TI - A Hybrid Approach to Designing Inbound-Resupply Strategies
IS - 4
SN - 1541-1672
SP31
EP35
EPD - 31-35
A1 - Wout Dullaert,
A1 - Bert Vernimmen,
A1 - Birger Raa,
A1 - Frank Witlox,
PY - 2005
KW - order splitting
KW - evolutionary algorithm
KW - simulation
KW - metaheuristics
KW - total logistics costs
VL - 20
JA - IEEE Intelligent Systems
ER -
 
Wout Dullaert, University of Antwerp
Bert Vernimmen, University of Antwerp
Birger Raa, Ghent University
Frank Witlox, Ghent University
A new approach determines the optimal inbound-resupply strategy when a supplier ships goods to a receiver. The strategy refers to the particular combination of sourcing alternatives that minimizes the receiver's total product costs, comprising the product price and the total logistics costs (that is, order, transportation, and inventory costs). The new approach differs from traditional order-splitting approaches by requiring that order quantities be an integer combination of the different sourcing alternatives' capacities and allowing the demand rate and lead times to be distributed according to any distribution function. An evolutionary metaheuristic uses discrete-event simulation to calculate safety stock levels corresponding to a predetermined service level. This avoids rigid assumptions on the demand- and lead-time-distributions to better determine the reorder point for real-life inbound-resupply strategies.

This article is part of a special issue on advanced heuristics in transportation and logistics.

Index Terms:
order splitting, evolutionary algorithm, simulation, metaheuristics, total logistics costs
Citation:
Wout Dullaert, Bert Vernimmen, Birger Raa, Frank Witlox, "A Hybrid Approach to Designing Inbound-Resupply Strategies," IEEE Intelligent Systems, vol. 20, no. 4, pp. 31-35, July/Aug. 2005, doi:10.1109/MIS.2005.60
Usage of this product signifies your acceptance of the Terms of Use.