Article ID: | iaor20082880 |
Country: | United States |
Volume: | 55 |
Issue: | 5 |
Start Page Number: | 992 |
End Page Number: | 996 |
Publication Date: | Sep 2007 |
Journal: | Operations Research |
Authors: | Viswanathan S. |
We develop an algorithm for determining the highest among the class of lower bounds proposed by Atkins and Iyogun for the joint replenishment problem (JRP) with stochastic demands. The proposed algorithm is simple and does not require many more calculations than an existing lower bound based on equalization of expected runout times.