Mathematical Modelling for a Multi-Product Inventory Routing Problem with Split Delivery

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DOI: 10.4236/jamp.2017.59132    960 Downloads   2,126 Views  Citations
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ABSTRACT

In this article, a multi-product inventory routing problem is studied. One-depot and many retailers in a finite time period are considered, and split delivery is allowed as well for the addressed problem. The objective is to minimize the overall cost including vehicle cost, inventory holding cost and transportation cost while the delivery schedule and the quantity of each product for each retailer have to be decided simultaneously. A mathematical model is presented for solving the addressed optimally and example is illustrated as well.

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Yeh, Y. and Low, C. (2017) Mathematical Modelling for a Multi-Product Inventory Routing Problem with Split Delivery. Journal of Applied Mathematics and Physics, 5, 1607-1612. doi: 10.4236/jamp.2017.59132.

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