publication . Other literature type . Article . 2011

Inventory Control For A Joint Replenishment Problem With Stochastic Demand

Bassem Roushdy; Nahed Sobhy; Abdelrhim Abdelhamid; Ahmed Mahmoud;
Open Access English
  • Published: 28 Apr 2011
  • Publisher: Zenodo
Abstract
Most papers model Joint Replenishment Problem (JRP) as a (kT,S) where kT is a multiple value for a common review period T,and S is a predefined order up to level. In general the (T,S) policy is characterized by a long out of control period which requires a large amount of safety stock compared to the (R,Q) policy. In this paper a probabilistic model is built where an item, call it item(i), with the shortest order time between interval (T)is modeled under (R,Q) policy and its inventory is continuously reviewed, while the rest of items (j) are periodically reviewed at a definite time corresponding to item
Subjects
free text keywords: Inventory management, Joint replenishment, policy evaluation, stochastic process
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Other literature type . 2011
Provider: Datacite
Zenodo
Other literature type . 2011
Provider: Datacite
Zenodo
Other literature type . 2011
Provider: Datacite
ZENODO
Article . 2011
Provider: ZENODO
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publication . Other literature type . Article . 2011

Inventory Control For A Joint Replenishment Problem With Stochastic Demand

Bassem Roushdy; Nahed Sobhy; Abdelrhim Abdelhamid; Ahmed Mahmoud;