Article ID: | iaor20032209 |
Country: | United States |
Volume: | 47 |
Issue: | 9 |
Start Page Number: | 1306 |
End Page Number: | 1310 |
Publication Date: | Sep 2001 |
Journal: | Management Science |
Authors: | Axster Sven |
In a recent paper, Cetinkaya and Lee model integrated inventory control and shipment scheduling in connection with vendor-managed inventory. The model is optimized by an approximate technique. This note provides a simple procedure for exact optimization, and illustrates that the errors when using the suggested approximate technique may be very large for certain types of problems. We also suggest a new approximation and an adjustment that can be used to improve both the original and new heuristic.