Joint replenishment policy for inventory system with demand substitution

2004 ◽  
Author(s):  
Xiaohong Zhang ◽  
Jian Chen
Keyword(s):  
Inventory System ◽  
Joint Replenishment ◽  
Demand Substitution ◽  
Replenishment Policy

An adaptive joint replenishment policy for items with non-stationary demands

2018 ◽  
Vol 20 (3) ◽  
pp. 1665-1684 ◽  
Author(s):  
Young Hyeon Yang ◽  
Jong Soo Kim
Keyword(s):  
Joint Replenishment ◽  
Replenishment Policy

Joint replenishment policy with backordering and special sale

2013 ◽  
Vol 46 (7) ◽  
pp. 1172-1198 ◽  
Author(s):  
Ata Allah Taleizadeh ◽  
Hadi Samimi ◽  
Babak Mohammadi
Keyword(s):  
Joint Replenishment ◽  
Replenishment Policy

scholarly journals Determining the Optimum Ordering Policy in Multi-Item Joint Replenishment Problem Using a Novel Method

2013 ◽  
Vol 2013 ◽  
pp. 1-9 ◽  
Author(s):  
Wen-Tsung Ho
Keyword(s):  
Cycle Time ◽  
Heuristic Algorithms ◽  
Optimal Solution ◽  
Lead Times ◽  
Joint Replenishment ◽  
Joint Replenishment Problem ◽  
Ordering Policy ◽  
Replenishment Policy ◽  
Demand Rate ◽  
Time Division

This work investigates the joint replenishment problem (JRP) involving multiple items where economies exist for replenishing several items simultaneously. The demand rate for each item is known and constant. Shortages are not permitted and lead times are negligible. Many heuristic algorithms have been proposed to find quality solutions for the JRP. In this paper, cycle time division and recursive tightening methods are developed to calculate an efficient and optimal replenishment policy for JRP. Two theorems are demonstrated to guarantee that an optimal solution to the problem can be derived using cycle time division and recursive tightening methods. Restated, cycle time division and recursive tightening methods theoretically yield the optimal solution in 100% of instances. The complexity of cycle time division and recursive tightening methods is justO(NlogN), whereNrepresents the number of items involved in the problem. Numerical examples are included to demonstrate the algorithmic procedures.

scholarly journals An Inventory System for Deteriorating Products with Ramp-Type Demand Rate under Two-Level Trade Credit Financing

2011 ◽  
Vol 2011 ◽  
pp. 1-15 ◽  
Author(s):  
G. Darzanou ◽  
K. Skouri
Keyword(s):  
Existence And Uniqueness ◽  
Trade Credit ◽  
Sufficient Conditions ◽  
Optimal Solution ◽  
Inventory System ◽  
Credit Policy ◽  
Replenishment Policy ◽  
Demand Rate ◽  
Credit Financing ◽  
Ramp Type Demand

An inventory system for deteriorating products, with ramp-type demand rate, under two-level trade credit policy is considered. Shortages are allowed and partially backlogged. Sufficient conditions of the existence and uniqueness of the optimal replenishment policy are provided, and an algorithm, for its determination, is proposed. Numerical examples highlight the obtained results, and sensitivity analysis of the optimal solution with respect to major parameters of the system is carried out.

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