TITLE

In This Issue

PUB. DATE
August 1995
SOURCE
Transportation Science;Aug95, Vol. 29 Issue 3, p199
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article presents information on various articles published in the 1995 issue of the journal "Transportation Science." One of the articles was "The Economic Lot and Delivery Scheduling Problem." It discusses the coordination of production and outbound delivery schedules has become more important with the adoption of "just-in-time" policies. Many "just-in-time" suppliers feel that they are being forced to hold inventory for their customers, which raises two important questions. First, to find out what characterizes a good production and delivery schedules under the existing economics of transportation and production. Second, is to understand when suppliers hold inventory. Another article in the periodical was "Markovian Decision Processes in Shipment Consolidation." Deciding when a manufacturer or distributor should dispatch a vehicle carrying orders to many customers affects both the cost and service of the shipment consolidation program. Shipping too early results in load sizes that may be too small to achieve transportation economies, while large loads imply long waiting times. Many approaches to this decision a target quantity based on average performances and continue to accumulate orders until this target is reached.
ACCESSION #
4454503

 

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