Name
Abstract | ||
|---|---|---|
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. |
Year | DOI | Venue |
|---|---|---|
2006 | 10.1016/j.ejor.2005.06.005 | European Journal of Operational Research |
Keywords | Field | DocType |
Inventory,Multi-item,Concave production cost,Joint setup,Lipschitz optimization,Concave–convex programming | Mathematical optimization,Development environment,Production cost,Bellman equation,Convex optimization,Convex analysis,Variable cost,Operations management,Economies of scale,Mathematics,Global optimization problem | Journal |
Volume | Issue | ISSN |
175 | 1 | 0377-2217 |
Citations | PageRank | References |
3 | 0.66 | 4 |
Authors | ||
3 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Z. Pelin Bayindir | 1 | 33 | 4.19 |
| S. Ilker Birbil | 2 | 117 | 13.49 |
| J. B. G. Frenk | 3 | 36 | 3.88 |