Effective heuristics for the dynamic demand joint replenishment problem

Effective heuristics for the dynamic demand joint replenishment problem

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Article ID: iaor20082131
Country: United Kingdom
Volume: 58
Issue: 6
Start Page Number: 808
End Page Number: 819
Publication Date: Jun 2007
Journal: Journal of the Operational Research Society
Authors: , ,
Keywords: heuristics, optimization: simulated annealing
Abstract:

This paper considers the dynamic demand joint replenishment problem where there is a joint setup cost in each time period when any member of the product family is replenished and a separate setup cost for each different item replenished. We present two forward-pass heuristics, a two-phase heuristic, and a simulated annealing metaheuristic (SAM) and investigate their relative effectiveness in solving a comprehensive set of test problems. The experimental results indicate the two-phase heuristic and the SAM perform better than existing approaches for the problem.

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