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An efficient optimal solution method for the joint replenishment problem

โœ Scribed by R.E. Wildeman; J.B.G. Frenk; R. Dekker

Publisher
Elsevier Science
Year
1997
Tongue
English
Weight
864 KB
Volume
99
Category
Article
ISSN
0377-2217

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โœฆ Synopsis

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 approach based on global optimisation theory. By applying Lipschitz optimisation one can find a solution with an arbitrarily small deviation from an optimal value. An efficient procedure is presented which uses a dynamic Lipschitz constant and generates a solution in little time. The running time of this procedure grows only linearly in the number of items.

๐Ÿ“œ SIMILAR VOLUMES

An optimal procedure for the coordinated
An optimal procedure for the coordinated replenishment dynamic lot-sizing problem with quantity discounts
โœ Chia-Shin Chung; Sin-Hoon Hum; Omer Kirca ๐Ÿ“‚ Article ๐Ÿ“… 2000 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 99 KB ๐Ÿ‘ 1 views

We consider in this paper the coordinated replenishment dynamic lot-sizing problem when quantity discounts are offered. In addition to the coordination required due to the presence of major and minor setup costs, a separate element of coordination made possible by the offer of quantity discounts nee