Article ID: | iaor20001317 |
Country: | United Kingdom |
Volume: | 26 |
Issue: | 6 |
Start Page Number: | 583 |
End Page Number: | 597 |
Publication Date: | May 1999 |
Journal: | Computers and Operations Research |
Authors: | Gder Faruk, Zydiak James L. |
Keywords: | heuristics |
We study the multi-item inventory problem with multiple resource constraints. For the simplified variant of this problem with a single resource constraint, known heuristic solution approaches assume independent cycles, fixed cycles, and non-stationary order quantities. For the multiple constraint problem, however, only independent cycle solution algorithms exist in the literature. In this paper, we devise both fixed cycle and non-stationary approaches to the multiple constraint problem, and give computational results showing their potential cost-effectiveness over independent cycle methods.