Note. Periodic Review (s,S) Policies for Joint Replenishment Inventory Systems
Management Science · 1997 · Volume 43 · Issue 10
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.
Keywords
inventory, joint replenishment, ordering policies
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