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joint replenishment problem
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The Q(s,S) control policy for the joint replenishment problem extended to the case of correlation among item-demands
Larsen, Christian
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Ehrvervøkonomisk Institut, Institut for Økonomi
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2007
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
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Comments to Özkaya et al. (2006)
Larsen, Christian
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Ehrvervøkonomisk Institut, Institut for Økonomi
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2008
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
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