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A heuristic algorithm for a multi-product dynamic lot-sizing and shipping problem [An article from: International Journal of Production Economics]
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This digital document is a journal article from International Journal of Production Economics, published by Elsevier in . The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
This paper analyzes a dynamic lot-sizing problem, in which the order size of multiple products and a single container type are simultaneously considered. In the problem, each order (product) placed in a period is immediately shipped by some containers in the period and the total freight cost is proportional to the number of containers used. It is also assumed that backlogging is not allowed. The objective of this study is to simultaneously determine the lot-sizes and the transportation policy that minimizes the total costs, which consist of production cost, inventory holding cost, and freight cost. Because this problem is NP-hard, a heuristic algorithm with an adjustment mechanism is proposed based on the optimal solution properties. The computational results from a set of simulation experiment are also presented.
DESCRIPTION:
Binding: Digital
Format: HTML
Label: Elsevier
Manufacturer: Elsevier
Publisher: Elsevier
Studio: Elsevier
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