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The success of a logistics system may depend on the decisions of the depot locations and vehicle routings. The location routing problem (LRP) simultaneously tackles both location and routing decisions to minimize the total system cost. In this paper a multiple ant colony optimization algorithm...
Persistent link: https://www.econbiz.de/10010869184
Many present markets for goods and services have highly volatile demand due to short life cycles and strong competition in saturated environments. Determination of capacity levels is difficult because capacities often need to be set long before demand realizes. In order to avoid capacity-demand...
Persistent link: https://www.econbiz.de/10011043252
The present paper proposes a mathematical model and a solution approach to the Stochastic Capacity Planning and Dynamic Network Design Problem. Here, strategic decisions usually comprise developing the necessary capacity — through either incrementing capacity on existing assets (facilities or...
Persistent link: https://www.econbiz.de/10011043314