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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/10005288460
decisions simultaneously. In 1973 Kunreuther and Schrage proposed an heuristic algorithm to solve this problem. The contribution … of our paper is twofold. First, we derive an exact algorithm to determine the optimal price and lot-sizing decisions …. Moreover, we show that our algorithm boils down to solving a number of lot-sizing problems that is quadratic in the number of …
Persistent link: https://www.econbiz.de/10005288710
decisions simultaneously. In 1973 Kunreuther and Schrage proposed an heuristic algorithm to solve this problem. The contribution … of our paper is twofold. First, we derive an exact algorithm to determine the optimal price and lot-sizing decisions …. Moreover, we show that our algorithm boils down to solving a number of lot-sizing problems that is quadratic in the number of …
Persistent link: https://www.econbiz.de/10010837636
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
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/10010731716
In a recent paper Gutiérrez et al. (2008) show that the lot-sizing problem with inventory bounds can be solved in O …(T log T) time. In this note we show that their algorithm does not lead to an optimal solution in general. …
Persistent link: https://www.econbiz.de/10010734030