The Q(s,S) control policy for the joint replenishment problem extended to the case of correlation among item-demands

@inproceedings{Larsen2007TheQC,
  title={The Q(s,S) control policy for the joint replenishment problem extended to the case of correlation among item-demands},
  author={Christian Larsen},
  year={2007}
}
We develop an algorithm to compute an optimal Q(s,S) policy for the joint replenishment problem when demands follow a compound correlated Poisson process. It is a non-trivial generalization of the work by Nielsen and Larsen (2005). We make some numerical analyses on two-item problems where we compare the optimal Q(s,S) policy to the optimal uncoordinated (s,S) policies. The results indicate that the more negative the correlation the less advantageous it is to coordinate. Therefore, in some… CONTINUE READING

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