A new heuristics to solve the Joint Replenishment Problem using a spread-sheet technique
2004 (English)Conference paper, Presentation (Refereed)
In this paper, a heuristic method is presented which gives a novel approach to solve joint replenishment problems (JRP) with strict cycle policies. The heuristic solves the JRP in an iterative procedure and is based on a spreadsheet technique. The principle of the recursion procedure is to find a balance between the replenishment and inventory holding costs for the different items by adjusting the replenishment frequencies. The heuristic is also tested according to an extensive test template and shows pleasing results. It also performs well in comparison with many other heuristics.
Place, publisher, year, edition, pages
Research subject Industrial Logistics
IdentifiersURN: urn:nbn:se:ltu:diva-39242Local ID: de42e330-77d0-11db-962b-000ea68e967bOAI: oai:DiVA.org:ltu-39242DiVA: diva2:1012752
International Symposium on Inventories : 22/08/2004 - 24/08/2004
Godkänd; 2004; 20061119 (ysko)2016-10-032016-10-03Bibliographically approved