Please use this identifier to cite or link to this item:
|Title:||Warehouse sizing to minimize inventory and storage costs|
|Authors:||Goh, M. |
Third party warehousing
|Citation:||Goh, M., Jihong, O., Chung-Piaw, T. (2001). Warehouse sizing to minimize inventory and storage costs. Naval Research Logistics 48 (4) : 299-312. ScholarBank@NUS Repository. https://doi.org/10.1002/nav.10|
|Abstract:||This paper considers a warehouse sizing problem whose objective is to minimize the total cost of ordering, holding, and warehousing of inventory. Unlike typical economic lot sizing models, the warehousing cost structure examined here is not the simple unit rate type, but rather a more realistic step function of the warehouse space to be acquired. In the cases when only one type of stock-keeping unit (SKU) is warehoused, or when multiple SKUs are warehoused, but, with separable inventory costs, closed form solutions are obtained for the optimal warehouse size. For the case of multi-SKUs with joint inventory replenishment cost, a heuristic with a provable performance bound of 94% is provided.|
|Source Title:||Naval Research Logistics|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Oct 20, 2018
WEB OF SCIENCETM
checked on Oct 3, 2018
checked on Oct 6, 2018
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.