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We develop an algorithm to compute an optimal Q(s,S) policy for the joint replenishment problem when demands follow a compound correlated Poisson process. It is a non-trivial generalization of the work by Nielsen and Larsen (2005). We make some numerical analyses on two-item problems where we...
Persistent link: https://www.econbiz.de/10005802222
We review the paper of Özkaya et al. (2006). Though the mathematical derivations seem technically correct, we have some reservations about their numerical results.
Persistent link: https://www.econbiz.de/10004992903