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Inventory Routing

Chapter
Part of the Operations Research/Computer Science Interfaces book series (ORCS, volume 43)

Summary

In this chapter, we introduce inventory routing problems. Inventory routing problems are among the more important and more challenging extensions of vehicle routing problems, in which inventory control and routing decisions have to be made simultaneously. The objective is to determine distribution policies that minimize the total cost, i.e., the sum of inventory holding and transportation costs, while avoiding stock-outs and respecting storage capacity limitations. All inventory routing problems have some common characteristics, but they may also have a number of significantly different characteristics. As a result, a variety of solution approaches has been developed. We discuss the various characteristics of inventory routing problems in order to create an understanding of and instill an appreciation for the complexities of inventory routing problems.

Key words

Logistics supply chain management inventory routing survey 

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Copyright information

© Springer Science+Business Media, LLC 2008

Authors and Affiliations

  1. 1.Department of Quantitative MethodsUniversity of BresciaItaly
  2. 2.H. Milton Stewart School of Industrial and Systems Engineering Georgia Institute of TechnologyAtlanta

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