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The classical economic lot-scheduling problem (ELSP) involves the batch sizing and scheduling of multiple products in a single facility under deterministic conditions over an infinite planning horizon. It is assumed that the products are delivered to customers at continuous rates. In today's...
Persistent link: https://www.econbiz.de/10012935748
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
We present structural and computational investigations of a new class of weak forecast horizons - minimal forecast horizons under the assumption that future demands are integer multiples of a given positive real number - for a specific class of dynamic lot-size (DLS) problems. Apart from being...
Persistent link: https://www.econbiz.de/10012766485
This paper considers the dynamic lot sizing problem of H. M. Wagner and T. M. Whitin with the assumption that the total cost of n setups is a concave nondecreasing function of n. Such setup costs could arise from the worker learning in setups and/or technological improvements in setup methods....
Persistent link: https://www.econbiz.de/10014218587
of forecast horizon theory, we obtain conditions for a finite forecast horizon to exist in the undiscounted dynamic lot …
Persistent link: https://www.econbiz.de/10014218588
We are concerned with a discrete-time undiscounted dynamic lot size model in which demand and the production setup cost are constant for an initial few periods and the holding cost of inventory is an arbitrary nondecreasing function assumed to be stationary (i.e., explicitly independent of time)...
Persistent link: https://www.econbiz.de/10014220369
This paper considers an infinite horizon stochastic production planning problem with demand assumed to be a continuous-time Markov process. Problems with control (production) and state (inventory) constraints are treated. It is shown that a unique optimal feedback solution exists. This solution...
Persistent link: https://www.econbiz.de/10012834709
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 presents an asymptotic analysis of hierarchical investment and production decisions in a manufacturing system with machines subject to breakdown and repair. The demand facing the system is assumed to be a given constant. The production capacity can be increased by purchasing a new...
Persistent link: https://www.econbiz.de/10012835071
This paper presents an asymptotic analysis of hierarchical production planning in a manufacturing system with two tandem machines that are subject to breakdown and repair. Since the number of parts in the buffer between the two machines needs to be non-negative, the problem is inherently a state...
Persistent link: https://www.econbiz.de/10012835287