On the economic ordering quantity for jointly replenished items

On the economic ordering quantity for jointly replenished items

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Article ID: iaor1991854
Country: United Kingdom
Volume: 29
Issue: 1
Start Page Number: 107
End Page Number: 114
Publication Date: Jan 1991
Journal: International Journal of Production Research
Authors: ,
Abstract:

A solution procedure is provided for solving the joint replenishment problem using a basic cycle approach. The solution procedure is very simple, and involves comparing possible values between the ‘minimum’ and ‘maximum’ cycle times. Extensive simulation demonstrates that this solution procedure is superior to previously known algorithms for solving this problem.

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