Planning proactive inventory transshipments in retail networks

Thomas Archibald, Kevin Glazebrook, Sandra Rauscher

Research output: Contribution to conferenceAbstractpeer-review

Abstract / Description of output

Proactive transshipments aim to reduce the risk of future shortages in a retail network. Compared to reactive transshipments which are used to address shortages that have arisen in the network, proactive transshipments may have lower implementation costs due to the time of the transshipment being fixed in advance. This paper proposes a model that can be used to plan proactive transshipments in a general setting. Approximate dynamic programming is applied to develop a heuristic for the model. A numerical study compares the proposed heuristic with alternative policies and investigates the characteristics of the network that favour proactive transshipment.
Original languageEnglish
Publication statusPublished - 2016
Event1st EURO Working Group Meeting on Retail Operations - Castle Hirschberg, Beilngries, Germany
Duration: 3 Jun 20165 Jun 2016

Conference

Conference1st EURO Working Group Meeting on Retail Operations
Country/TerritoryGermany
CityBeilngries
Period3/06/165/06/16

Fingerprint

Dive into the research topics of 'Planning proactive inventory transshipments in retail networks'. Together they form a unique fingerprint.

Cite this