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The Joint Replenishment Problem with Resource Restriction
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- Authors
- I. K. Moon, B. C. Cha
- Issue Date
- 2006-08
- Citation
- European Journal of Operational Research, v.173, no.1, pp.190-198
- ISSN
- 0377-2217
- Publisher
- Elsevier
- Language
- English
- Type
- Journal Article
- Abstract
- There are many resource restrictions in real production/inventory systems (for example, budget, storage, transportation capacity, etc.). But unlike other research areas, there is very little research to handle the joint replenishment problem (JRP) with resource restriction. The purpose of this paper is to develop two efficient algorithms for solving these problems. Firstly, we modify the existing RAND algorithm to be applicable to the JRP with resource restriction. Secondly, we develop a genetic algorithm for the JRP with resource restriction. Extensive computational experiments are performed to test the performances of the algorithms. © 2005 Elsevier B.V. All rights reserved.
- KSP Keywords
- Efficient algorithms, Genetic Algorithm, computational experiments, inventory systems, joint replenishment problem