PLANNING EMPTY CONTAINER RELOCATIONS UNDER UNCERTAINTY

Authors

  • W.L. Bean Logistics and Quantitative Methods, CSIR Built Environment
  • J.W. Joubert Department of Industrial and Systems Engineering, University of Pretoria & Logistics and Quantitative Methods, CSIR Built Environment

DOI:

https://doi.org/10.7166/21-1-71

Abstract

ENGLISH ABSTRACT: Reusable packaging often accumulates downstream in supply chains, resulting in non-revenue-earning relocations. This paper presents a reliable optimisation model under supply and demand uncertainty. Instead of using deterministic forecasted values, we propose a fixed recourse stochastic program that embeds the approximated uncertainties within the decision model. Results do indeed prove to be more reliable, and thus useful to industry. We also investigate the model's sensitivity to the difference in weighting of inventory versus stock-out penalties. The valuable role of Operations Research in industry

Downloads

Published

2011-11-05

How to Cite

Bean, W., & Joubert, J. (2011). PLANNING EMPTY CONTAINER RELOCATIONS UNDER UNCERTAINTY. The South African Journal of Industrial Engineering, 21(1). https://doi.org/10.7166/21-1-71

Issue

Vol. 21 No. 1 (2010)

Section

General Articles

License

Authors who publish in the Journal agree to the following terms:
  1. Authors retain copyright and grant the Journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this Journal.
  2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the Journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this Journal.