Dynamic Shipments of Inventories in Shared Warehouse and Transportation Networks

Transportation Research Part E: Logistics and Transportation Review(2018)

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Abstract
•We consider dynamic shipments of products based on up-to-date inventory information.•We investigate how the structure of a network influences optimal decisions.•We propose a modeling framework capturing a wide variety of network structures.•Effectiveness of network structures depends highly on product characteristics.•Dynamic shipments yield significant cost reductions over static shipments.
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Key words
Shared warehouse and transportation network,Dynamic shipments,Network comparisons,Inventory,Markov decision process
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