Joint replenishment model for multiple products with substitution
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- 作者：Bacel Maddaha ; bacel.maddah@aub.edu.lb" class="auth_mail" title="E-mail the corresponding author ; Mohamed Kharbecheb ; mkharbec@qu.edu.qa" class="auth_mail" title="E-mail the corresponding author ; Shaligram Pokharel ; c ; shaligram@qu.edu.qa" class="auth_mail" title="E-mail the corresponding author ; Ahmed Ghoniemd ; aghoniem@isenberg.umass.edu" class="auth_mail" title="E-mail the corresponding author
- 关键词：Product substitution ; Inventory control ; Joint replenishment
- 刊名：Applied Mathematical Modelling
- 出版年：2016
- 出版时间：September 2016
- 年：2016
- 卷：40
- 期：17-18
- 页码：7678-7688
- 全文大小：454 K
文摘
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We formulate a nonlinear program for joint replenishment under product substitution.
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We discuss the convexity of the model.
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In an EOQ setting, the optimal substitution scenario can be found by enumeration.
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We propose heuristic ideas to reduce the enumeration effort.
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The model works well in high fixed cost and low holding and shortage costs environment.