A new optimal algorithm for the Joint Replenishment Problem

A new optimal algorithm for the Joint Replenishment Problem

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Article ID: iaor1997818
Country: United Kingdom
Volume: 47
Issue: 7
Start Page Number: 936
End Page Number: 944
Publication Date: Jul 1996
Journal: Journal of the Operational Research Society
Authors:
Keywords: economic order
Abstract:

The paper proposes a new optimal algorithm for the Joint Replenishment Problem. The proposed algorithm can be used to determine the optimal strict-cyclic policy, as well as the optimal among all cyclic policies for the joint replenishment problem. Computational experiments on randomly generated problems reveal that the proposed algorithm performs better than existing optimal algorithms for the problem.

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