Effective heuristics for the dynamic demand joint replenishment problem

E P Robinson (), A Narayanan () and Gao L-L
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E P Robinson: Texas A&M University
A Narayanan: Texas A&M University
Gao L-L: Hofstra University

Journal of the Operational Research Society, 2007, vol. 58, issue 6, 808-815

Abstract: Abstract This paper considers the dynamic demand joint replenishment problem where there is a joint setup cost in each time period when any member of the product family is replenished and a separate setup cost for each different item replenished. We present two forward-pass heuristics, a two-phase heuristic, and a simulated annealing metaheuristic (SAM) and investigate their relative effectiveness in solving a comprehensive set of test problems. The experimental results indicate the two-phase heuristic and the SAM perform better than existing approaches for the problem.

Keywords: inventory; joint replenishment; dynamic demand (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (7)

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DOI: 10.1057/palgrave.jors.2602197

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