Solving the Storage Location Assignment Problem in the Manufacturing Industry - A Study in Mathematical Modeling & Applied Optimization
Companies in the manufacturing industry are constantly seeking to be more effective in cutting costs and increase revenue to improve profits. Order picking is often the most expensive operation in the inventory, as it stands for 55% of the inventory operating expenses. Alfa Laval, a heavy industry company, is rolling out a new corporate strategy involving its operations, which this thesis is a par
