Stochastic inventory routing problem under B2C E-commerce

Binglei Xie; Shi An; Jian Wang

doi:10.1109/ICEBE.2005.112

Stochastic inventory routing problem under B2C E-commerce

Binglei Xie^*
, Shi An
, Jian Wang

^*Corresponding author for this work

Harbin Institute of Technology Shenzhen
School of Management, Harbin Institute of Technology

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

3 Scopus citations

Abstract

In traditional B2C, customers' stocks are usually controlled by themselves, while the supplier needs only to meet requests of customers by sending right commodity on time. The operation mode results in disadvantages of hindering saving of cost and improvement of efficiency. Being one of the key contents in vendor managed inventory, inventory routing problem will help supplier to lower operation cost, improve efficiency and increase satisfaction of customers. In the paper, a heuristic algorithm is designed to solve stochastic inventory routing problem. In the algorithm, followed by converting stochastic demands of customers to regular demands, distribution period of every customer is calculated by the modified EOQ. Finally, approximate solution of stochastic inventory routing problem can be obtained by solving periodic vehicle routing problem.

Original language	English
Title of host publication	Proceedings - ICEBE 2005
Subtitle of host publication	IEEE International Conference on e-Business Engineering
Pages	630-633
Number of pages	4
DOIs	https://doi.org/10.1109/ICEBE.2005.112
State	Published - 2005
Externally published	Yes
Event	ICEBE 2005: IEEE International Conference on e-Business Engineering - Beijing, China Duration: 18 Oct 2005 → 21 Oct 2005

Publication series

Name	Proceedings - ICEBE 2005: IEEE International Conference on e-Business Engineering
Volume	2005

Conference

Conference	ICEBE 2005: IEEE International Conference on e-Business Engineering
Country/Territory	China
City	Beijing
Period	18/10/05 → 21/10/05

Keywords

B2C
Inventory routing problem
Logistics
Vendor management inventory

Access to Document

10.1109/ICEBE.2005.112

Cite this

@inproceedings{4dea3a8422a946db8dc0d91442579364,

title = "Stochastic inventory routing problem under B2C E-commerce",

abstract = "In traditional B2C, customers' stocks are usually controlled by themselves, while the supplier needs only to meet requests of customers by sending right commodity on time. The operation mode results in disadvantages of hindering saving of cost and improvement of efficiency. Being one of the key contents in vendor managed inventory, inventory routing problem will help supplier to lower operation cost, improve efficiency and increase satisfaction of customers. In the paper, a heuristic algorithm is designed to solve stochastic inventory routing problem. In the algorithm, followed by converting stochastic demands of customers to regular demands, distribution period of every customer is calculated by the modified EOQ. Finally, approximate solution of stochastic inventory routing problem can be obtained by solving periodic vehicle routing problem.",

keywords = "B2C, Inventory routing problem, Logistics, Vendor management inventory",

author = "Binglei Xie and Shi An and Jian Wang",

year = "2005",

doi = "10.1109/ICEBE.2005.112",

language = "英语",

isbn = "0769524303",

series = "Proceedings - ICEBE 2005: IEEE International Conference on e-Business Engineering",

pages = "630--633",

booktitle = "Proceedings - ICEBE 2005",

note = "ICEBE 2005: IEEE International Conference on e-Business Engineering ; Conference date: 18-10-2005 Through 21-10-2005",

}

Xie, B , An, S & Wang, J 2005, Stochastic inventory routing problem under B2C E-commerce. in Proceedings - ICEBE 2005: IEEE International Conference on e-Business Engineering., 1552961, Proceedings - ICEBE 2005: IEEE International Conference on e-Business Engineering, vol. 2005, pp. 630-633, ICEBE 2005: IEEE International Conference on e-Business Engineering, Beijing, China, 18/10/05. https://doi.org/10.1109/ICEBE.2005.112

Stochastic inventory routing problem under B2C E-commerce. / Xie, Binglei ; An, Shi ; Wang, Jian.
Proceedings - ICEBE 2005: IEEE International Conference on e-Business Engineering. 2005. p. 630-633 1552961 (Proceedings - ICEBE 2005: IEEE International Conference on e-Business Engineering; Vol. 2005).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - Stochastic inventory routing problem under B2C E-commerce

AU - Xie, Binglei

AU - An, Shi

AU - Wang, Jian

PY - 2005

Y1 - 2005

N2 - In traditional B2C, customers' stocks are usually controlled by themselves, while the supplier needs only to meet requests of customers by sending right commodity on time. The operation mode results in disadvantages of hindering saving of cost and improvement of efficiency. Being one of the key contents in vendor managed inventory, inventory routing problem will help supplier to lower operation cost, improve efficiency and increase satisfaction of customers. In the paper, a heuristic algorithm is designed to solve stochastic inventory routing problem. In the algorithm, followed by converting stochastic demands of customers to regular demands, distribution period of every customer is calculated by the modified EOQ. Finally, approximate solution of stochastic inventory routing problem can be obtained by solving periodic vehicle routing problem.

AB - In traditional B2C, customers' stocks are usually controlled by themselves, while the supplier needs only to meet requests of customers by sending right commodity on time. The operation mode results in disadvantages of hindering saving of cost and improvement of efficiency. Being one of the key contents in vendor managed inventory, inventory routing problem will help supplier to lower operation cost, improve efficiency and increase satisfaction of customers. In the paper, a heuristic algorithm is designed to solve stochastic inventory routing problem. In the algorithm, followed by converting stochastic demands of customers to regular demands, distribution period of every customer is calculated by the modified EOQ. Finally, approximate solution of stochastic inventory routing problem can be obtained by solving periodic vehicle routing problem.

KW - B2C

KW - Inventory routing problem

KW - Logistics

KW - Vendor management inventory

UR - https://www.scopus.com/pages/publications/33845490830

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DO - 10.1109/ICEBE.2005.112

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T3 - Proceedings - ICEBE 2005: IEEE International Conference on e-Business Engineering

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BT - Proceedings - ICEBE 2005

T2 - ICEBE 2005: IEEE International Conference on e-Business Engineering

Y2 - 18 October 2005 through 21 October 2005

ER -

Stochastic inventory routing problem under B2C E-commerce

Abstract

Publication series

Conference

Keywords

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