International Journal of Industrial and Systems Engineering, Volume (37), No (3), Year (2021-1) , Pages (306-333)

Title : ( Optimal delivery and replenishment policies for perishable products considering lost sale cost: an efficient hybrid algorithm )

Authors: Mahla Babagolzadeh , Mohammadali Pirayesh , Anup Shrestha ,

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Abstract

In today’s competitive global market, improving the quality of customer service and waste reduction are two important factors to maximise the profits of a system. These goals can be achieved throughout well-managed logistical operations such as proper inventory management and timely delivery of perishable items to customers. This paper presents an integrated mathematical model that schedules replenishment of a perishable product to determine delivery routes, truck loads and inventory levels, where the vehicle arrival time has a direct impact on the quantity of the product delivered to customers. Given the NP-hard nature of the problem, finding optimum or near optimum solutions in polynomial time is challenging, therefore a hybrid algorithm based on a linear programming model and a simulated annealing algorithm is developed to solve the problem efficiently. The proposed method achieves a solution near-optimal solution in an efficient computational time. Finally, an analysis is carried out to verify the effectiveness of the algorithm.

Keywords

, inventory, routing problem; IRP; lost sale cost; hybrid algorithm;perishable product.
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@article{paperid:1085106,
author = {Mahla Babagolzadeh and Pirayesh, Mohammadali and Anup Shrestha},
title = {Optimal delivery and replenishment policies for perishable products considering lost sale cost: an efficient hybrid algorithm},
journal = {International Journal of Industrial and Systems Engineering},
year = {2021},
volume = {37},
number = {3},
month = {January},
issn = {1748-5037},
pages = {306--333},
numpages = {27},
keywords = {inventory-routing problem; IRP; lost sale cost; hybrid algorithm;perishable product.},
}

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%0 Journal Article
%T Optimal delivery and replenishment policies for perishable products considering lost sale cost: an efficient hybrid algorithm
%A Mahla Babagolzadeh
%A Pirayesh, Mohammadali
%A Anup Shrestha
%J International Journal of Industrial and Systems Engineering
%@ 1748-5037
%D 2021

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