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Effective and simple EOQ-like solutions for stochastic demand periodic review systems

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  • Eynan, Amit
  • Kropp, Dean H.

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  • Eynan, Amit & Kropp, Dean H., 2007. "Effective and simple EOQ-like solutions for stochastic demand periodic review systems," European Journal of Operational Research, Elsevier, vol. 180(3), pages 1135-1143, August.
    • Handle: RePEc:eee:ejores:v:180:y:2007:i:3:p:1135-1143
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    1. Awi Federgruen & Yu-Sheng Zheng, 1992. "The Joint Replenishment Problem with General Joint Cost Structures," Operations Research, INFORMS, vol. 40(2), pages 384-403, April.
    2. Robin Roundy, 1985. "98%-Effective Integer-Ratio Lot-Sizing for One-Warehouse Multi-Retailer Systems," Management Science, INFORMS, vol. 31(11), pages 1416-1430, November.
    3. A. Federgruen & H. Groenevelt & H. C. Tijms, 1984. "Coordinated Replenishments in a Multi-Item Inventory System with Compound Poisson Demands," Management Science, INFORMS, vol. 30(3), pages 344-357, March.
    4. Edward A. Silver, 1976. "A Simple Method of Determining Order Quantities in Joint Replenishments Under Deterministic Demand," Management Science, INFORMS, vol. 22(12), pages 1351-1361, August.
    5. Joseph L. Balintfy, 1964. "On a Basic Class of Multi-Item Inventory Problems," Management Science, INFORMS, vol. 10(2), pages 287-297, January.
    6. Derek R. Atkins & Paul O. Iyogun, 1988. "Periodic Versus "Can-Order" Policies for Coordinated Multi-Item Inventory Systems," Management Science, INFORMS, vol. 34(6), pages 791-796, June.
    7. S. K. Goyal, 1974. "Determination of Optimum Packaging Frequency of Items Jointly Replenished," Management Science, INFORMS, vol. 21(4), pages 436-443, December.
    8. John A. Muckstadt & Robin O. Roundy, 1987. "Multi-Item, One-Warehouse, Multi-Retailer Distribution Systems," Management Science, INFORMS, vol. 33(12), pages 1613-1621, December.
    9. Robin Roundy, 1986. "A 98%-Effective Lot-Sizing Rule for a Multi-Product, Multi-Stage Production / Inventory System," Mathematics of Operations Research, INFORMS, vol. 11(4), pages 699-727, November.
    10. David E. Platt & Lawrence W. Robinson & Robert B. Freund, 1997. "Tractable (Q, R) Heuristic Models for Constrained Service Levels," Management Science, INFORMS, vol. 43(7), pages 951-965, July.
    11. Yu-Sheng Zheng, 1992. "On Properties of Stochastic Inventory Systems," Management Science, INFORMS, vol. 38(1), pages 87-103, January.
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    Cited by:

    1. Lagodimos, A.G. & Skouri, K. & Christou, I.T. & Chountalas, P.T., 2018. "The discrete-time EOQ model: Solution and implications," European Journal of Operational Research, Elsevier, vol. 266(1), pages 112-121.
    2. Stefanny Ramirez & Laurence H. Brandenburg & Dario Bauso, 2023. "Coordinated Replenishment Game and Learning Under Time Dependency and Uncertainty of the Parameters," Dynamic Games and Applications, Springer, vol. 13(1), pages 326-352, March.
    3. Marcello Braglia & Davide Castellano & Marco Frosolini, 2016. "Joint-replenishment problem under stochastic demands with backorders-lost sales mixtures, controllable lead times, and investment to reduce the major ordering cost," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 67(8), pages 1108-1120, August.
    4. Young Hyeon Yang & Jong Soo Kim, 2020. "An adaptive joint replenishment policy for items with non-stationary demands," Operational Research, Springer, vol. 20(3), pages 1665-1684, September.
    5. Olha Holovan & Oleksandr Oliynyk & Yevheniia Makazan, 2017. "Optimization of Inventory Management Logistic Model of the Machine-Building Enterprises," EconWorld Working Papers 17001, WERI-World Economic Research Institute, revised Feb 2017.
    6. Silver, Edward A. & Robb, David J., 2008. "Some insights regarding the optimal reorder period in periodic review inventory systems," International Journal of Production Economics, Elsevier, vol. 112(1), pages 354-366, March.
    7. Cui, Ligang & Deng, Jie & Liu, Rui & Xu, Dongyang & Zhang, Yajun & Xu, Maozeng, 2020. "A stochastic multi-item replenishment and delivery problem with lead-time reduction initiatives and the solving methodologies," Applied Mathematics and Computation, Elsevier, vol. 374(C).
    8. Dey, Oshmita & Chakraborty, Debjani, 2009. "Fuzzy periodic review system with fuzzy random variable demand," European Journal of Operational Research, Elsevier, vol. 198(1), pages 113-120, October.
    9. Ji Seong Noh & Jong Soo Kim & Biswajit Sarkar, 2019. "Stochastic joint replenishment problem with quantity discounts and minimum order constraints," Operational Research, Springer, vol. 19(1), pages 151-178, March.
    10. Dinçer Konur & Joseph Geunes, 2019. "Integrated districting, fleet composition, and inventory planning for a multi-retailer distribution system," Annals of Operations Research, Springer, vol. 273(1), pages 527-559, February.
    11. Ray, Saibal & Song, Yuyue & Verma, Manish, 2010. "Comparison of two periodic review models for stochastic and price-sensitive demand environment," International Journal of Production Economics, Elsevier, vol. 128(1), pages 209-222, November.
    12. Goyal, S.K., 2008. "A factual observation on "Effective and simple EOQ-like solutions for stochastic demand periodic review systems"," European Journal of Operational Research, Elsevier, vol. 186(1), pages 441-440, April.
    13. Davide Castellano & Mosè Gallo & Liberatina C. Santillo, 2021. "A periodic review policy for a coordinated single vendor-multiple buyers supply chain with controllable lead time and distribution-free approach," 4OR, Springer, vol. 19(3), pages 347-388, September.

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