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An eclectic approach for replenishment with non-linear decreasing demand

Research output: Working paper

Publication date2003
Place of PublicationLancaster University
PublisherThe Department of Management Science
<mark>Original language</mark>English

Publication series

NameManagement Science Working Paper Series


Following the pattern of our previous work, which has dealt with linear increasing and decreasing demand and non-linear increasing demand, a parametric eclectic model has been developed for a non-linearly decreasing demand pattern. Alternative replenishment plans can be generated if the parameter vector is adjusted within a certain range. Using the eclectic approach the best result is chosen. For 12 examples, calculations based on three established heuristics, Silvers method, CLUC, and CTPP produced an average percentage increase in cost above that of our eclectic heuristic algorithm of 4.8%, 3.4% and 3.2% respectively.