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A new iterative heu...
A new iterative heuristic to solve the joint replenishment problem using a spread-sheet technique
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Nilsson, Andreas (author)
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- Segerstedt, Anders (author)
- Luleå tekniska universitet,Industriell Ekonomi
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- van der Sluis, Erik (author)
- University of Amsterdam
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(creator_code:org_t)
- Elsevier BV, 2007
- 2007
- English.
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In: International Journal of Production Economics. - : Elsevier BV. - 0925-5273 .- 1873-7579. ; 108:1-2, s. 399-405
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Abstract
Subject headings
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- In this paper, a heuristic method is presented which gives a novel approach to solve joint replenishment problems (JRP) with strict cycle policies. The heuristic solves the JRP in an iterative procedure and is based on a spreadsheet technique. The principle of the recursion procedure is to find a balance between the replenishment and inventory holding costs for the different items by adjusting the replenishment frequencies. The heuristic is also tested according to an extensive test template and shows pleasing results. It also performs well in comparison with many other heuristics.
Subject headings
- TEKNIK OCH TEKNOLOGIER -- Maskinteknik -- Produktionsteknik, arbetsvetenskap och ergonomi (hsv//swe)
- ENGINEERING AND TECHNOLOGY -- Mechanical Engineering -- Production Engineering, Human Work Science and Ergonomics (hsv//eng)
Keyword
- Industrial Logistics
- Industriell logistik
Publication and Content Type
- ref (subject category)
- art (subject category)
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