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Rollout algorithms are effective heuristics for the single vehicle routing problem with stochastic demands (VRPSD), a prototypical model of logistics under uncertainty. However, they can be computational intensive. To reduce their run time, we introduce a novel approach to approximate the...
Persistent link: https://www.econbiz.de/10012936291
The extant literature on the vehicle routing problem with stochastic demands indicates that restocking yields moderate percentage expected cost reductions relative to the a priori approach, but lacks theoretical support for this improvement. We conduct a worst-case analysis that corroborates the...
Persistent link: https://www.econbiz.de/10014111571