Lu, Lu; Posner, Marc E. - In: Management Science 40 (1994) 10, pp. 1305-1316
Two heuristic procedures for a one-warehouse multi-retailer system are developed. Based on the accuracy desired, the first heuristic evaluates a specified number of points. The relative error is within a bound that approaches 1/(\root 2 ln 2) - 1 \approx 2.014%. The complexity of the heuristic...