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: | Narayanan A., Robinson E.P., Gao L.-L. |
Keywords: | heuristics, optimization: simulated annealing |
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.