A new randomized procedure to solve the location routing problem

Carlos L. Quintero-Araujo, Angel A. Juan, Juan P. Caballero-Villalobos, Jairo R. Montoya-Torres, Javier Faulin

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

The Location Routing Problem (LRP) is one of the most important challenging problems in supply chain design since it includes all decision levels in operations management. Due to its complexity, heuristics approaches seem to be the right choice to solve it. In this paper we introduce a simple but powerful approach based on biased randomization techniques to tackle the capacitated version of the LRP. Preliminary tests show that near-optimal or near-BKS can be found in a very short time.

Original languageEnglish
Title of host publicationApplied Mathematics and Computational Intelligence, 2015
EditorsJosé M. Merigó, Rajkumar Verma, Anna M. Gil-Lafuente, Bal Kishan Dass
PublisherSpringer Verlag
Pages247-254
Number of pages8
ISBN (Print)9783319757919
DOIs
StatePublished - 2018
Event24th International Conference of the Forum for Interdisciplinary Mathematics, FIM 2015 - Barcelona, Spain
Duration: 18 Nov 201520 Nov 2015

Publication series

NameAdvances in Intelligent Systems and Computing
Volume730
ISSN (Print)2194-5357

Conference

Conference24th International Conference of the Forum for Interdisciplinary Mathematics, FIM 2015
Country/TerritorySpain
CityBarcelona
Period18/11/1520/11/15

Keywords

  • Biased randomization
  • Heuristics
  • Location routing problem

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