An approximation algorithm for a facility location problem with stochastic demands and inventories

A. F. Gabor; J. C.W. Van Ommeren

doi:10.1016/j.orl.2005.04.009

An approximation algorithm for a facility location problem with stochastic demands and inventories

A. F. Gabor, J. C.W. Van Ommeren

Mathematics

University of Twente

Research output: Contribution to journal › Article › peer-review

26 Scopus citations

Abstract

We propose a 2-approximation algorithm for a facility location problem with stochastic demands. At open facilities, inventory is kept such that arriving requests find a zero inventory with (at most) some pre-specified probability. Costs incurred are expected transportation costs, facility operating costs and inventory costs.

Original language	British English
Pages (from-to)	257-263
Number of pages	7
Journal	Operations Research Letters
Volume	34
Issue number	3
DOIs	https://doi.org/10.1016/j.orl.2005.04.009
State	Published - May 2006

Keywords

Approximation algorithms
Inventory control
Stochastic facility location

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10.1016/j.orl.2005.04.009

Cite this

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title = "An approximation algorithm for a facility location problem with stochastic demands and inventories",

abstract = "We propose a 2-approximation algorithm for a facility location problem with stochastic demands. At open facilities, inventory is kept such that arriving requests find a zero inventory with (at most) some pre-specified probability. Costs incurred are expected transportation costs, facility operating costs and inventory costs.",

keywords = "Approximation algorithms, Inventory control, Stochastic facility location",

author = "Gabor, {A. F.} and {Van Ommeren}, {J. C.W.}",

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AU - Van Ommeren, J. C.W.

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AB - We propose a 2-approximation algorithm for a facility location problem with stochastic demands. At open facilities, inventory is kept such that arriving requests find a zero inventory with (at most) some pre-specified probability. Costs incurred are expected transportation costs, facility operating costs and inventory costs.

KW - Approximation algorithms

KW - Inventory control

KW - Stochastic facility location

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M3 - Article

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SP - 257

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JO - Operations Research Letters

JF - Operations Research Letters

IS - 3

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An approximation algorithm for a facility location problem with stochastic demands and inventories

Abstract

Keywords

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