Showing 1 - 10 of 292
In a recent paper, Fisher et al. (2001) present a method tomitigate end-effects in lot sizing by including a valuation term for end-of-horizon inventory in the objective function of the short-horizon model. Computational tests show that the proposed method outperforms the Wagner-Whitin algorithm...
Persistent link: https://www.econbiz.de/10011256746
In a recent paper, Fisher et al. (2001) present a method tomitigate end-effects in lot sizing by including a valuation term for end-of-horizon inventory in the objective function of the short-horizon model. Computational tests show that the proposed method outperforms the Wagner-Whitin algorithm...
Persistent link: https://www.econbiz.de/10005144509
Persistent link: https://www.econbiz.de/10005347452
We consider the economic lot-sizing problem with perishable items (ELS-PI), where each item has a deterministic expiration date. Although all items in stock are equivalent regardless of procurement or expiration date, we allow for an allocation mechanism that defines an order in which the items...
Persistent link: https://www.econbiz.de/10011264312
This paper considers a dynamic lot-sizing problem with storage capacity limitation in which backlogging is allowed. For general concave production and inventory costs, we present an O(T2) dynamic programming algorithm where T is the length of the planning horizon. Furthermore, for fixed-charge...
Persistent link: https://www.econbiz.de/10011240733
In a recent paper, Fisher et al. (2001) present a method to mitigate end-effects in lot sizing byincluding a valuation term for end-of-horizon inventory in the objective function of the short-horizon model. Computational tests show that the proposed method outperforms the Wagner-Whitin algorithm...
Persistent link: https://www.econbiz.de/10010731382
In this paper we introduce a new class of OR games: economic lot-sizing (ELS) games. There are a number of retailers that have a known demand for a fixed number of periods. To satisfy demand the retailers order products at the same manufacturer. By placing joint orders instead of individual...
Persistent link: https://www.econbiz.de/10010731494
Emphasis on effective demand management is becoming increasingly recognized as an important factor in operations performance. Operations models that account for supply costs and constraints as well as a supplier's ability to in°uence demand characteristics can lead to an improved match between...
Persistent link: https://www.econbiz.de/10010731612
In this paper we analyze the worst case performance of heuristics for the classical economic lot-sizing problem with time-invariant cost parameters. We consider a general class of on-line heuristics that is often applied in a rolling horizon environment. We develop a procedure to systematically...
Persistent link: https://www.econbiz.de/10010731615
We consider a generalisation of the lot-sizing problem that includes an emission constraint. Besides the usual financial costs, there are emissions associated with production, keeping inventory and setting up the production process. Because the constraint on the emissions can be seen as a...
Persistent link: https://www.econbiz.de/10010731673