A Location-Routing-Inventory Problem with Stochastic Demands

Location-routing-inventory problem (LRIP) involves the decisions of three key problems in optimizing a logistics system (i.e., facility location-allocation, vehicle routing, and inventory control). In this paper, a mathematical model for the multi-depot LRIP with stochastic customer demands in logistics distribution systems is developed. Furthermore, a hybrid genetic algorithm (GA) is proposed tosolve the presented model.

Keywords:

Location-routing-inventory problem , Stochastic demands , hybrid genetic algorithm