Multi-product batch replenishment strategies under stochastic demand and a joint capacity constraint

Stefan Minner; Edward A. Silver

doi:10.1080/07408170590918254

Multi-product batch replenishment strategies under stochastic demand and a joint capacity constraint

Stefan Minner, Edward A. Silver

Research output: Contribution to journal › Article › peer-review

24 Scopus citations

Abstract

We analyze a multi-product inventory replenishment problem with Poisson demands where the aggregate inventory level at any time is restricted by a common budget or space limitation. We present a semi-Markov decision problem formulation, several heuristics for finding the replenishment quantities (given the current inventories) and a comparison from a cost performance perspective.

Original language	English
Pages (from-to)	469-479
Number of pages	11
Journal	IIE Transactions (Institute of Industrial Engineers)
Volume	37
Issue number	5
DOIs	https://doi.org/10.1080/07408170590918254
State	Published - May 2005
Externally published	Yes

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10.1080/07408170590918254

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Multi-product batch replenishment strategies under stochastic demand and a joint capacity constraint

Abstract

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