Improving the Revenue of Self-storage Warehouses by Optimizing Storage Scheduling Decision


Yeming Gong
Yeming Gong
  • Speaker
Department of Economics, Finance, Control, Emlyon Business School

Event Information

Type
Research Seminar
Programme
Logistics
Date
Mon. 9 May. 2011
Contact
Time
12:00-13:00 hours
E-mail
Location
Mandeville Building T10-67
Number


Abstract

Self-storage warehousing is a considerable  industry which has received little academic attention so far. We consider a self-storage warehouse, facing a set of reservations for homogeneous or heterogeneous storage units over a certain time horizon with revenue rewards. The warehouse operation manager has to decide which storage requests to accept and schedule them in different storage units to maximize the revenue. We model warehouse operations as scheduling n independent multiprocessor tasks with given start and end times, with an objective to maximize total revenue. We identify 5 cases for basic operations and show that two polynomial algorithms can solve the basic problem optimally for all cases. We further consider more complex problems with upgrading operations, and employ column generation algorithm to solve the problem. Finally, we consider the application to   self-storage warehouses in different countries, and show our algorithm can improve the revenue by 8.05\% on average and at least 5.8\% for warehouses with basic operations, and by 12.63\% on average and  at least 7.5\% for warehouses with upgrading operations.

 
Contact information:
Prof.dr. M.B.M. de Koster
Email
René de Koster
Professor of Logistics and Operations Management
  • Coordinator