Article ID: | iaor19911880 |
Country: | United Kingdom |
Volume: | 42 |
Issue: | 2 |
Start Page Number: | 165 |
End Page Number: | 168 |
Publication Date: | Feb 1991 |
Journal: | Journal of the Operational Research Society |
Authors: | Kaspi M. |
This paper deals with the problem of determining the economic operating policy for inventory items which are manufactured jointly but packaged individually. The proposed new approach is very simple and efficient. An extensive simulation study is presented so that the results of several heuristics (based on a wide range of data, measuring the number of optimal solutions, average error and maximum error) can be compared.