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

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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

Section

General Articles