An eclectic approach for replenishment with non-linear decreasing demand

An eclectic approach for replenishment with non-linear decreasing demand

0.00 Avg rating0 Votes
Article ID: iaor20051648
Country: Netherlands
Volume: 92
Issue: 2
Start Page Number: 125
End Page Number: 131
Publication Date: Jan 2004
Journal: International Journal of Production Economics
Authors: , ,
Abstract:

Following the pattern of our previous work, which has dealt with linear increasing and decreasing demand and non-linear increasing demand, a parametric eclectic model has been developed for a non-linearly decreasing demand pattern. Alternative replenishment plans can be generated if the parameter vector is adjusted within a certain range. Using the eclectic approach the best result is chosen. For 12 examples, calculations based on three established heuristics, Silver's method, CLUC, and CTPP produced an average percentage increase in cost above that of our eclectic heuristic algorithm of 4.8%, 3.4% and 3.2% respectively.

Reviews

Required fields are marked *. Your email address will not be published.