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dc.contributor.authorChartniyom, Siradej
dc.contributor.authorLuong, Lee
dc.contributor.authorMarian, Romeo
dc.contributor.authorLee, Moon-Kyu
dc.identifier.citationSiradej Chartniyom, Lee Luong, Romeo Marian, Moon-Kyu Lee (2007) Optimal Inventory Redistribution Integrated with Lateral Transshipments and Emergency Orders.
dc.description.abstractInventory redistribution and emergency replenishment in supply chains have long been studied in various contexts. From a strategic perspective, lateral transshipments can be beneficial for a variety of general supply chains to cope with the mismatch between periodic realized demands and inventory levels. Similarly, the emergency replenishment from supply sources has also been used as a tool to mitigate the demand uncertainty. In this paper, we consider the integration of instantaneous transshipments and emergency shipments in a multi-location inventory system consisting of a distribution center, and multiple retailers. A mathematical optimization model is formulated first, and then an approach based on a Stochastic Genetic Algorithm (SGA) is presented to solve the model. The objective of the model is to determine optimal replenishment policies for the multi-location inventory system. A coarse-to-fine procedure is employed to reduce the computational time. Finally, computational results are given to show the validity of the presented approach.
dc.publisherUniversity of the Thai Chamber of Commerce
dc.rightsThis work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner.
dc.subject.otherOperations Management
dc.titleOptimal Inventory Redistribution Integrated with Lateral Transshipments and Emergency Orders
dc.typeConference paper
dc.relation.conferenceProceedings of the 2nd International Conference on Operations and Supply Chain Management
dc.rights.holderUniversity of the Thai Chamber of Commerce
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