Mean-variance approach to the management of cyclic deliveries

Mean-variance approach to the management of cyclic deliveries

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Article ID: iaor198820
Country: United Kingdom
Volume: 15
Start Page Number: 561
End Page Number: 565
Publication Date: Jun 1988
Journal: Computers and Operations Research
Authors: ,
Keywords: heuristics
Abstract:

The scheduling problem of cyclic deliveries presented in this paper is characterized by a set of customers requiring, from a centralized supplier, stochastically varying quantities of a given commodity with prefixed time periodicity. The model is of the multiobjective type; the customers are scheduled in order to minimize both the mean value and the variance of the capacity of the distribution system. A heuristic algorithm to solve this problem in polynomial time is described and an experimental analysis of its performance is presented.

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