Economic lot sizing: an O(n log n) algorithm that runs in linear time in the Wagner-Whitin case
Operations Research - Supplement
Dynamic Economic Lot Size Model with Perishable Inventory
Management Science
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This study addresses a production and distribution planning problem in a dynamic, two-stage supply chain. This supply chain consists of a number of facilities and retailers. The model considers that the final product is perishable and therefore has a limited shelf life. We formulate this problem as a network flow problem with a fixed charge cost function which is NP-hard. A primal-dual heuristic is developed that provides lower and upper bounds. The models proposed can be used for operational decisions.