search query: @author Ho, J.K. / total: 3
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| Author: | Gnanendran, K. Ho, J.K. Sundarraj, R.P. |
| Title: | Stock selection heuristics for interdependent items |
| Journal: | European Journal of Operational Research
2003 : MAR 16, VOL. 145:3, p. 585-605 |
| Index terms: | Distribution Heuristic methods Inventory control Substitute goods |
| Language: | eng |
| Abstract: | In a distribution environment, the problem of choosing the best mix of items to stock frequently involves considerations of interdependencies between the items. The authors address the problem of selecting a subset of items to stock from among a large set of potential items, when the objective is to maximize net revenue subject to a budget constraint, and when the items may be options, complements, or substitutes for one another. They develop a nonlinear integer programming model for this stock selection problem, and propose heuristic methods for its solution. |
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