The dynamic lot size model with quantity discount: Counterexamples and correction

The dynamic lot size model with quantity discount: Counterexamples and correction

Federgruen and Lee ([3]) proposed an optimal algorithm for the single‐item dynamic lot size model with all‐unit discount. In this note we show that their algorithm fails to find the optimal solution for some special cases. We also provide a modification to the algorithm to handle them. © 1998 John W...

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Veröffentlicht in:Naval research logistics 1998-06, Vol.45 (4), p.419-422
Hauptverfasser: Xu, Jiefeng, Lu, Leonard L.
Format: Artikel
Sprache:eng
Schlagworte:
Algorithms
Applied sciences
Dynamic programming
Exact sciences and technology
Industrial economics
Inventory control
Inventory control, production control. Distribution
Mathematical models
Operational research and scientific management
Operational research. Management science
Value engineering
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Zusammenfassung:Federgruen and Lee ([3]) proposed an optimal algorithm for the single‐item dynamic lot size model with all‐unit discount. In this note we show that their algorithm fails to find the optimal solution for some special cases. We also provide a modification to the algorithm to handle them. © 1998 John Wiley & Sons, Inc. Naval Research Logistics 45: 419–422, 1998
ISSN:0894-069X
1520-6750
DOI:10.1002/(SICI)1520-6750(199806)45:4<419::AID-NAV7>3.0.CO;2-8