The joint replenishment problem with resource restriction

The joint replenishment problem with resource restriction

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Article ID: iaor20083666
Country: Netherlands
Volume: 173
Issue: 1
Start Page Number: 190
End Page Number: 198
Publication Date: Aug 2006
Journal: European Journal of Operational Research
Authors: ,
Keywords: heuristics
Abstract:

There are many resource restrictions in real production/inventory systems (for example, budget, storage, transportation capacity, etc.). But unlike other research areas, there is very little research to handle the joint replenishment problem (JRP) with resource restriction. The purpose of this paper is to develop two efficient algorithms for solving these problems. Firstly, we modify the existing RAND algorithm to be applicable to the JRP with resource restriction. Secondly, we develop a genetic algorithm for the JRP with resource restriction. Extensive computational experiments are performed to test the performances of the algorithms.

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