98%-effective lot sizing for series inventory systems with b

98%-effective lot sizing for series inventory systems with b

For deterministic series inventory systems with backlogging, it is shown that the continuous relaxation of the best integer frequency policies is a lower bound on all feasible policies. The problem with backlogging can be reduced, in O(n) time, to an equivalent problem without backlogging. Therefore...

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Veröffentlicht in:Operations research 1995-03, Vol.43 (2), p.335
Hauptverfasser: Atkins, Derek, Sun, Daning
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Sprache:eng
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Heuristic
Inventory control
Mathematical models
Operations research
Production scheduling
Studies
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description For deterministic series inventory systems with backlogging, it is shown that the continuous relaxation of the best integer frequency policies is a lower bound on all feasible policies. The problem with backlogging can be reduced, in O(n) time, to an equivalent problem without backlogging. Therefore, based on the result of Roundy (1983), the best integer frequency policy provides a solution which is within 2% of the optimal.
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source Jstor Complete Legacy; INFORMS PubsOnLine; Business Source Complete
subjects Heuristic
Inventory control
Mathematical models
Operations research
Production scheduling
Studies
title 98%-effective lot sizing for series inventory systems with b
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