THE INVENTORY THEORTETIC APPROACH IN TRANSPORTATION SELECTION MODELS: A CRITICAL REVIEW

John E. Tyworth

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Supply Chain and Inventory Management Vehicle Routing Optimization Methods Logistics and Transportation Systems

Abstract

The inventory theoretic approach represents the mainstream framework for building models that try to evaluate transportation-inventory decisions jointly from a total logistics cost perspective. This paper reviews that framework, focusing on the limitations of the standard pattern of implementation in stochastic transportation selection models. Although the approximate solutions of existing models might offer better results than the methods currently in use, the logistics profession is far from the ultimate model. Recommendations are given for improving the resolution, flexibility, and cost-effectiveness of these models.

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2008Using the inventory-theoretic framework to determine cost-minimizing supply strategies in a stochastic setting 2019A logistics cost function with explicit transport costs 2006Revisiting Service‐level Measurement for an Inventory System with Different Transport Modes 2005A Hybrid Approach to Designing Inbound-Resupply Strategies 2009Partage modal et intermodalité. Évolutions structurelles de l'économie 2016Transportation in the Supply Chain

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