Planning empty container relocations under uncertainty

3Citations
Citations of this article
19Readers
Mendeley users who have this article in their library.

Abstract

Reusable packaging often accumulates downstream in supply chains, resulting in non-revenue-earning relocations. This paper presents a reliable optimisation model under supply and demand uncertainty. Instead of using deterministic forecasted values, we propose a fixed recourse stochastic program that embeds the approximated uncertainties within the decision model. Results do indeed prove to be more reliable, and thus useful to industry. We also investigate the model's sensitivity to the difference in weighting of inventory versus stock-out penalties. The valuable role of Operations Research in industry - and of optimisation, specifically - is affirmed. Though uncertainties cannot be eradicated, planned relocations can be done more reliably.

Cite

CITATION STYLE

APA

Bean, W. L., & Joubert, J. W. (2010). Planning empty container relocations under uncertainty. South African Journal of Industrial Engineering, 21(1), 113–122. https://doi.org/10.7166/21-1-71

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free