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Integrated inventory control and scheduling decision framework for packaging and products on a reusable transport item sharing platform.

Authors :
Guo, Min
Kong, Xiang T. R.
Chan, Hing Kai
Thadani, Dimple R.
Source :
International Journal of Production Research; Jul2023, Vol. 61 Issue 13, p4575-4591, 17p, 8 Charts, 5 Graphs
Publication Year :
2023

Abstract

This study considers the problem of inventory and scheduling decisions on a reusable transport item (RTI) sharing platform with the collaborative recovery of used RTIs and replenishment of products in a two-tier container management centre (CMC). The products (packaged as full RTIs) are pre-positioned at the regional CMC (R-CMC), and empty RTIs are stored at the CMC hub. Moreover, the CMC replenishes the products and recycles RTIs respectively and periodically. The RTI and products are a set of complementary products, and the replenishment task requires sufficient empty RTIs in stock. Untimely and insufficient RTI returns without considering product inventory changes often result in RTI out-of-stock situations that harm the customer's lean productivity. This paper proposes a machine learning and simulation optimisation (MSO) decision framework to collaboratively assist RTI inventory and scheduling decisions in a two-tier CMC. Based on a case study, we can conclude the decision framework has better performance on the profitability and inventory control capability. Moreover, different inventory and scheduling parameter settings in the two-tier CMCs impact the platform's profitability to derive corresponding management insights, and a decision system can be built based on the above framework. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
00207543
Volume :
61
Issue :
13
Database :
Complementary Index
Journal :
International Journal of Production Research
Publication Type :
Academic Journal
Accession number :
164158778
Full Text :
https://doi.org/10.1080/00207543.2023.2187243