TITLE:
Mathematical Modelling for a Multi-Product Inventory Routing Problem with Split Delivery
AUTHORS:
Yuling Yeh, Chinyao Low
KEYWORDS:
Inventory Routing Problem, Split Delivery, Mathematical Model
JOURNAL NAME:
Journal of Applied Mathematics and Physics,
Vol.5 No.9,
September
15,
2017
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.