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In this paper we give a complete analysis of the joint replenishment problem (JRP) under constant demands and continuous time. We present a solution method for the JRP when a correction is made for empty replenishments, and we test the solution procedures with real data. We show that the...
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analyze the effect on inventory performance of havingminimum order quantities for the different products in the joint order …
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analyze the effect on inventory performance of havingminimum order quantities for the different products in the joint order …
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During the last two decades, many heuristic procedures for the joint replenishment problem have appeared in the literature. The only available optimal solution procedure was based on an enumerative approach and was computationally prohibitive. In this paper we present an alternative optimal...
Persistent link: https://www.econbiz.de/10010731723
We study the joint replenishment problem (JRP) for M items under deterministic demand, with a minimum order quantity constraint for each item in the replenishment order. We first study an iterative procedure that proves to be not efficient in this case. Further, we derive bounds on the basic...
Persistent link: https://www.econbiz.de/10010731854
In this paper we proposed an efficient algorithm to solve the joint replenishment problem to optimality. We perform a computational study to compare the performance of the proposed algorithm with the best one reported in Viswanathan [6]. The study reveals that for large minor set-up costs and...
Persistent link: https://www.econbiz.de/10010731901