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Management Science Vol. 43 No. 10 1997

Note. Periodic Review (s, S) Policies for Joint Replenishment Inventory Systems

S. Viswanathan

Nanyang Business School, Nanyang Technological University, Nanyang Avenue, Singapore 639798 and Edwin L. Cox School of Business, Southern Methodist University, Dallas, Texas 75275-0333

Abstract

This note deals with the joint replenishment problem with stochastic demands. A new class of policies called P(s, S) policy is proposed for this problem. The proposed policy uses independent, periodic review (s, S) policies for each item. Results on test problems show that the proposed policy is superior to other classes of policies for the problem.

DOI
10.1287/mnsc.43.10.1447
Volume
43
Issue
10
Pages
1447-1454
Language
en
Sources
bibtex:phds-export.bib openalex crossref

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