Abstract
This paper deals with the problem of determining the economic operating policy for inventory items which are manufactured jointly but packaged individually. The proposed new approach is very simple and efficient. An extensive simulation study is presented so that the results of several heuristics (based on a wide range of data, measuring the number of optimal solutions, average error and maximum error) can be compared.
Original language | English |
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Pages (from-to) | 165-168 |
Number of pages | 4 |
Journal | Journal of the Operational Research Society |
Volume | 42 |
Issue number | 2 |
DOIs | |
State | Published - 1 Jan 1991 |
Keywords
- Economic order policy
- Joint replenishment
- Set-up frequency
ASJC Scopus subject areas
- Management Information Systems
- Strategy and Management
- Management Science and Operations Research
- Marketing