TY - GEN
T1 - The Joint Replenishment Problem with Cycle Time Constraints under General-Integer Policy
AU - Lin, Yu Liang
AU - Yao, Ming Jong
N1 - Publisher Copyright:
© 2021 IEEE.
PY - 2021/5/19
Y1 - 2021/5/19
N2 - The joint replenishment problem (JRP) is to determine the replenishment cycle times of a group of items over an infinite planning horizon. We investigated the JRP with cycle time constraints under general-integer policy that are popular in industries and can be extended to minimum order quantity, delivery frequency, and storage capacity constraints. Based on our theoretical analysis on the optimality solution structures, we categorized the items into four types and developed an efficient algorithm for solving this constrained JRP. Our numerical experiments demonstrated that the proposed algorithm is effective and performs better than the existing approaches in the literature.
AB - The joint replenishment problem (JRP) is to determine the replenishment cycle times of a group of items over an infinite planning horizon. We investigated the JRP with cycle time constraints under general-integer policy that are popular in industries and can be extended to minimum order quantity, delivery frequency, and storage capacity constraints. Based on our theoretical analysis on the optimality solution structures, we categorized the items into four types and developed an efficient algorithm for solving this constrained JRP. Our numerical experiments demonstrated that the proposed algorithm is effective and performs better than the existing approaches in the literature.
KW - inventory management
KW - joint replenishment problem
KW - nonlinear programming
UR - http://www.scopus.com/inward/record.url?scp=85107666444&partnerID=8YFLogxK
U2 - 10.1109/ICOA51614.2021.9442642
DO - 10.1109/ICOA51614.2021.9442642
M3 - Conference contribution
AN - SCOPUS:85107666444
T3 - 2021 International Conference on Optimization and Applications, ICOA 2021
BT - 2021 International Conference on Optimization and Applications, ICOA 2021
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 7th International Conference on Optimization and Applications, ICOA 2021
Y2 - 19 May 2021 through 20 May 2021
ER -