The joint replenishment problem with variable production costs

Date

2006-11-01

Author

Bayındır, Zeynep Pelin
Frenk, J. B. G.

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This paper discusses an approach to solve the joint replenishment problem in a production environment with variable production cost. These variable production costs occur due to economies of scale in production. Under this environment, the model leads to a global optimization problem, which is investigated by using some standard results from convex analysis. Consequently, an effective and exact solution procedure is proposed. The proposed procedure is guaranteed to return a solution with a predetermined quality in terms of the objective function value. A computational study is provided to illustrate the performance of the proposed solution procedure with respect to the running time.

Subject Keywords

Management Science and Operations Research, Modelling and Simulation, Information Systems and Management

URI

https://hdl.handle.net/11511/56988

Journal

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH

DOI

https://doi.org/10.1016/j.ejor.2005.06.005

Collections

Department of Industrial Engineering, Article

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Citation Formats

Z. P. Bayındır and J. B. G. Frenk, “The joint replenishment problem with variable production costs,” EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, pp. 622–640, 2006, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/56988.