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Combinatorial optimization problems are usually NP-hard and the solution space of them is very large. Therefore the set of feasible solutions cannot be evaluated one by one. Artificial Bee Colony (ABC), Particle Swarm Optimization (PSO) and Genetic Algorithms (GA) are metaheuristic techniques...
Persistent link: https://www.econbiz.de/10013060468
We establish the computational complexity of the problem of minimizing makespan in a flowshop, where each jobs requires a pallet the entire time, from the start of its first operation until the completion of the last operation. We prove that the problem is NP-hard in the strong sense for m =2...
Persistent link: https://www.econbiz.de/10013152472
We study infinite-horizon stochastic inventory problems with general demand distributions and piecewise linear concave ordering costs. Such costs arise in the important cases of quantity discounts or multiple suppliers. We consider the case of concave cost involving two linear segments. This...
Persistent link: https://www.econbiz.de/10012834054
Two types of quantity discounts are treated in the literature, namely, 'all units' discounts and incremental quantity discounts. In the all units quantity discounts model. the discount applies to every unit purchased. As a result, the total purchase cost is a discontinuous function of the...
Persistent link: https://www.econbiz.de/10012834409
This paper summarizes the results of its detailed version, which considers optimal infinite horizon stochastic production planning problems with capacity and demand to be finite state Markov chains. Turnpike set concepts are introduced to characterize the optimal inventory levels. It is shown...
Persistent link: https://www.econbiz.de/10012834925
This paper is concerned with the problem of production planning in a flexible manufacturing system consisting of a single or parallel failure-prone machines producing a number of different products. The objective is to choose the rates of production of the various products over time in order to...
Persistent link: https://www.econbiz.de/10012835668
This paper is concerned with finding an optimal inventory policy for a finite horizon, two-stage inventory model. In this model, products may be manufactured in two stages. The first stage uses raw material from an external supplier and the second stage uses raw material from defective items...
Persistent link: https://www.econbiz.de/10012838117
production costs. The paper develops an efficient forward dynamic programming algorithm and uses it to develop managerial …
Persistent link: https://www.econbiz.de/10012838802
blended to obtain an iterative algorithm to solve a partially observed inventory model with rain checks. In this model, the … mathematically in the literature, the use of our algorithm provides a numerical approximation of the optimal order quantities. These …
Persistent link: https://www.econbiz.de/10012846527
Persistent link: https://www.econbiz.de/10014098097