<abstract xmlns="http://www.w3.org/1999/xhtml"><p>This paper studies Inventory location routing problem in supply chain distribution network planning under vendor inventory management while considering customer inventory holding cost. In order to minimize the total cost of supply chain, an optimization model is established and an improved tabu search algorithm is used to solve the problem. From the analysis, it shows that the total cost decreases as the total vehicles capacity increases, and the maximum utilization of alternative vehicles and the minimum cost of the system don’t occur at the same time in some cases.</p></abstract>

This paper studies Inventory location routing problem in supply chain distribution network planning under vendor inventory management while considering customer inventory holding cost. In order to minimize the total cost of supply chain, an optimization model is established and an improved tabu search algorithm is used to solve the problem. From the analysis, it shows that the total cost decreases as the total vehicles capacity increases, and the maximum utilization of alternative vehicles and the minimum cost of the system don’t occur at the same time in some cases.

Supply Chain Planning Problem Considering Customer Inventory Holding Cost Based on an Improved Tabu Search Algorithm

Applied Mathematics and Nonlinear Sciences

This work is licensed under the Creative Commons Attribution 4.0 International License.

This paper studies Inventory location routing problem in supply chain distribution network planning under vendor inventory management while considering...

Supply Chain Planning Problem Considering Customer Inventory Holding Cost Based on an Improved Tabu Search Algorithm

Published Online: Aug 27, 2020

Page range: 557 - 564

Received: Mar 10, 2020

Accepted: May 13, 2020

DOI: https://doi.org/10.2478/amns.2020.2.00029

Keywords
road transport, supply chain, tabu search algorithm, inventory location routing problem, inventory holding cost

© 2020 Tao Li et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Supply Chain Planning Problem Considering Customer Inventory Holding Cost Based on an Improved Tabu Search Algorithm

Published Online: Aug 27, 2020

Page range: 557 - 564

Received: Mar 10, 2020

Accepted: May 13, 2020

DOI: https://doi.org/10.2478/amns.2020.2.00029

Keywordsroad transport, supply chain, tabu search algorithm, inventory location routing problem, inventory holding cost

© 2020 Tao Li et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
road transport, supply chain, tabu search algorithm, inventory location routing problem, inventory holding cost