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Shippers are emphasizing logistics, since networking has become
complex due to the globalization and demand variability has become
huge for various products across countries. In order to meet
customer demands, vendors must ensure appropriate quantities of
storages at the point of demand and must ensure optimal
distribution plans that include routing of the distribution
vehicles. Managing such complex logistic networks, with high level
of customization and services expected by customers, require
various strategies to keep the transportation and inventory costs
low. This requirement has evolved as the Inventory Routing Problem
(IRP) which focuses on timing of deliveries, sizes of shipments and
routing of vehicles. With the objective of enabling logistics
planners to determine the distribution quantities and routing
schedules to warehouses, few prominent variants of the inventory
routing problems are addressed. The proposed mathematical models
and heuristic approaches can assist planners in logistic decisions
at operational level. These approaches will be useful in Oil
industries, Retail industries, Blood banks, Automobile Industries
and Vendor managed inventory systems.
Vehicle Routing Problem (VRP) is an area which has been widely
dealt with for the last four decades. Methodologies have been
developed for many variants of the VRP. This work considers
concurrent and sequential delivery and pick-up in VRPs, encountered
in practice but rarely considered in theory. In addition,
constraints on maximum route length and on time-windows have also
been considered. Mathematical models incorporating such features
have been developed. While the NP-hardness of these problems
mandates the use of meta-heuristics, recognition of inherent
characteristics of the problem led to the development of
construction heuristics based on cluster analysis to obtain good
feeder solutions that speed up the intensive search at the end.
Genetic Algorithms (GA), an enhanced version of Simulated Annealing
(ESA) and a hybrid of the two are the meta-heuristics proposed for
optimization. The heuristics performed exceedingly well in the
evaluations, recording better or equally good results in comparison
to the existing methodologies.
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