Shipment consolidation with two demand classes: Rationing the dispatch capacity

Shipment consolidation with two demand classes: Rationing the dispatch capacity •We analyze how to consolidate two-classes of shipments and ration dispatch capacity. •We minimize shipment and holding costs using a continuous-time Markov decision process. •The optimal policies are of control limit type under particular conditions. •Using these structural properties, we propose an alternative solution approach. •The proposed approach leads to improvements in two real-life cases. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png European Journal of Operational Research Elsevier

Shipment consolidation with two demand classes: Rationing the dispatch capacity

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Publisher
Elsevier
Copyright
Copyright © 2018 Elsevier B.V.
ISSN
0377-2217
eISSN
1872-6860
D.O.I.
10.1016/j.ejor.2018.03.016
Publisher site
See Article on Publisher Site

Abstract

•We analyze how to consolidate two-classes of shipments and ration dispatch capacity. •We minimize shipment and holding costs using a continuous-time Markov decision process. •The optimal policies are of control limit type under particular conditions. •Using these structural properties, we propose an alternative solution approach. •The proposed approach leads to improvements in two real-life cases.

Journal

European Journal of Operational ResearchElsevier

Published: Oct 1, 2018

References

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