International Journal of Supply Chain Management
Vol 6, No 4 (2017): International Journal of Supply Chain Management (IJSCM)

Deterministic Inventory Routing Problem (DIRP): A Literature Review

Mohd Kamarul Irwan Abdul Rahim (School of Technology Management and Logistics, Universiti Utara Malaysia)
Afif Zuhri Muhammad Khodri Harahap (School of Technology Management and Logistics, Universiti Utara Malaysia)



Article Info

Publish Date
31 Dec 2017

Abstract

Vendor managed inventory (VMI) is a management policy in which the supplier implements the responsibility of maintaining the inventory at the retailers while confirming that they will not run out of stock. Under the VMI policy, the supplier will take a responsibility for managing the retailers. Moreover, the delivery times to the retailers are no longer agreed in response to retailers' orders; instead the supplier indicates when each delivery takes place. Therefore, this study reviews the main papers on the single item related to deterministic inventory routing problem (DIRP). Under this approach, the delivery of order emphases with deterministic demand rates. The objective of the DIRP is to resolve a flow strategy that can minimizes operational cost and inventory holding costs without having a stock-out according to a planning schedule. In this study, we have also focused on the single-warehouse, multiple-retailer vendor managed inventory (SWMR-VMI) where all retailers face a deterministic and constant demand rate.

Copyrights © 2017






Journal Info

Abbrev

IJSCM

Publisher

Subject

Decision Sciences, Operations Research & Management Engineering Environmental Science Industrial & Manufacturing Engineering Transportation

Description

International Journal of Supply Chain Management (IJSCM) is a peer-reviewed indexed journal, ISSN: 2050-7399 (Online), 2051-3771 (Print), that publishes original, high quality, supply chain management empirical research that will have a significant impact on SCM theory and practice. Manuscripts ...