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Author:Federgruen, A.
Tzur, M.
Title:The joint replenishment problem with time-varying costs and demands: efficient, asymptotic and e-optimal solutions
Journal:Operations Research
1994 : NOV/DEC, VOL. 42:6, p. 1067-1086
Index terms:COSTS
ECONOMICS
HEURISTIC METHODS
Language:eng
Abstract:The authors address the Joint Replenishment Problem (JRP) where, in the presence of joint setup costs, dynamic lot sizing schedules need to be determined for m items over a planning horizon of N periods, with general time-varying cost and demand parameters. The authors develop a new, so-called, partitioning heuristic for this problem, which partitions the complete horizon of N periods into several relatively small intervals, specifies an associated joint replenishment problem for each of these, and solves them via a new , efficient branch-and-bound method.
SCIMA record nr: 128386
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