Periodic review and joint replenishment in stochastic demand environments
作者:
AMIT EYNAN,
DEANH. KROPP,
期刊:
IIE Transactions
(Taylor Available online 1998)
卷期:
Volume 30,
issue 11
页码: 1025-1033
ISSN:0740-817X
年代: 1998
DOI:10.1080/07408179808966559
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
In this paper we consider periodic review systems under stochastic demands. First, we study the single product periodic review problem and propose a simple solution procedure which is near optimal. Then, given the existence of this simple procedure, we study the joint replenishment problem for multiple items under stochastic demands and suggest simple heuristics which provide very good results. We find the simple procedures combined with the robustness of the cost function to be very attractive in other applications which require coordination of cycle times under stochastic demands.
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