A goal programming model for aggregate inventory and distribution planning

A goal programming model for aggregate inventory and distribution planning

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Article ID: iaor19932110
Country: United Kingdom
Volume: 16
Start Page Number: 81
End Page Number: 90
Publication Date: Jun 1992
Journal: Mathematical and Computer Modelling
Authors: ,
Keywords: inventory: storage, storage, programming: goal
Abstract:

A mixed integer linear programming formulation for inventory and distribution planning of a central distribution center serving multiple retail outlets, is considered. This problem is transformed into a goal programming model based on preemptive ordering of three goals-aggregate inventory turnover, service level of filled demand and total system cost. A numerical example is solved using the linear programming software package LINDO on a VAX 11-750 computer system to illustrate the application of the approach. Solutions for all permutations of the prioritized goals are compared. Tradeoffs between the goals are considered for analyzing compromise solutions.

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