Greedy-Based Heuristics For Authorized Stockage List (ASL) Strategy
Purpose We aim to devise simple heuristics for the Authorized Stockage List (ASL) selection problem that are well applicable in real world decision-making processes.Methods To robustly address demand uncertainty across various items, we formulate the ASL selection problem using a distribution-free approach.Results We propose greedy-based heuristics that leverage the restricted supermodularity identified in the problem.Conclusion Through computational experiments, we analyze the effectiveness and efficiency of our proposed heuristics and compare them with various benchmarks including the current ASL selection strategy deployed by the Korean Army.
Authors
- Sung‐Mo Kang (ORCID: https://orcid.org/0000-0001-6321-6659)
- Hyunho Kim (ORCID: https://orcid.org/0000-0002-2724-7316)
- Sang-Yoon Cha
Publication Details
- Journal
- Journal of the Korea Management Engineers Society
- Published
- 2024-12-31
- DOI
- https://doi.org/10.35373/kmes.29.4.2
- Primary Topic
- Supply Chain and Inventory Management
- Type
- article
- Field-Weighted Citation Impact
- 0.00