On the efficiency of optimal algorithms for the joint replenishment problem: a comparative study

Eric Porras Musalem and Rommert Dekker

No EI 2004-33, Econometric Institute Research Papers from Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute

Abstract: In this paper we proposed an efficient algorithm to solve the joint replenishment problem to optimality. We perform a computational study to compare the performance of the proposed algorithm with the best one reported in Viswanathan [6]. The study reveals that for large minor set-up costs and moderate major set-up cost, our algorithm outperforms the latter.

Keywords: deterministic demand; inventory; joint replenishment (search for similar items in EconPapers)
Date: 2004-08-12
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Citations: View citations in EconPapers (3)

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