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The joint replenishment problem with variable production costs
Date
2006-11-01
Author
Bayındır, Zeynep Pelin
Frenk, J. B. G.
Metadata
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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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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.