Please use this identifier to cite or link to this item: https://doi.org/10.1002/nav.10
Title: Warehouse sizing to minimize inventory and storage costs
Authors: Goh, M. 
Jihong, O. 
Chung-Piaw, T. 
Keywords: Inventory control
Joint replenishment
Third party warehousing
Warehouse size
Issue Date: 2001
Source: 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
URI: http://scholarbank.nus.edu.sg/handle/10635/44924
ISSN: 0894069X
DOI: 10.1002/nav.10
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