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Polynomial algorithm of inventory model with complete backordering and correlated demand caused by cross-selling
- Source :
- International Journal of Production Economics. 199:193-198
- Publication Year :
- 2018
- Publisher :
- Elsevier BV, 2018.
-
Abstract
- In a paper published in the International Journal of Production Economics (IJPE) [Zhang, R., Kaku, I., Xiao, Y., 2012. Model and heuristic algorithm of the joint replenishment problem with complete backordering and correlated demand. International Journal of Production Economics 139 (1), 33–41], the authors proposed a joint replenishment problem (JRP) model with complete backordering and correlated demand caused by cross-selling. The model was transformed into minimizing a function with respect to multiples of a major item's order cycle, and a heuristic algorithm was developed for near-optimal solutions. In this paper, we reinvestigate the problem and analyze the mathematical property of the model to develop an exact algorithm. The algorithm can obtain global optima and exhibits polynomial complexity.
- Subjects :
- Economics and Econometrics
Mathematical optimization
021103 operations research
0211 other engineering and technologies
02 engineering and technology
Function (mathematics)
Management Science and Operations Research
General Business, Management and Accounting
Polynomial algorithm
Industrial and Manufacturing Engineering
03 medical and health sciences
0302 clinical medicine
Exact algorithm
Cross-selling
Polynomial complexity
030221 ophthalmology & optometry
Mathematics
Subjects
Details
- ISSN :
- 09255273
- Volume :
- 199
- Database :
- OpenAIRE
- Journal :
- International Journal of Production Economics
- Accession number :
- edsair.doi...........b34056cccfcda4ab89fde2621a1996f6