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Offsetting inventory replenishment cyclesAuthor-Name: Russell, Robert A

Timothy L. Urban

European Journal of Operational Research, 2016, vol. 254, issue 1, 105-112

Abstract: The inventory-staggering problem is a multi-item inventory problem in which replenishment cycles are scheduled or offset in order to minimize the maximum inventory level over a given planning horizon. We incorporate symmetry-breaking constraints in a mixed-integer programming model to determine optimal and near-optimal solutions. Local-search heuristics and evolutionary polishing heuristics are also presented to achieve effective and efficient solutions. We examine extensions of the problem that include a continuous-time framework as well as the effect of stochastic demand.

Keywords: Inventory; Replenishment staggering; Symmetry reduction; Heuristics (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:254:y:2016:i:1:p:105-112

DOI: 10.1016/j.ejor.2016.03.055

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European Journal of Operational Research is currently edited by Roman Slowinski, Jesus Artalejo, Jean-Charles. Billaut, Robert Dyson and Lorenzo Peccati

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