On the efficiency of optimal algorithms for the joint replenishment problem: a comparative study
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 . The study reveals that for large minor set-up costs and moderate major set-up cost, our algorithm outperforms the latter.
|deterministic demand, inventory, joint replenishment|
|Econometric Institute Research Papers|
|Report / Econometric Institute, Erasmus University Rotterdam|
|Organisation||Erasmus School of Economics|
Porras Musalem, E, & Dekker, R. (2004). On the efficiency of optimal algorithms for the joint replenishment problem: a comparative study (No. EI 2004-33). Report / Econometric Institute, Erasmus University Rotterdam. Retrieved from http://hdl.handle.net/1765/1488