A heuristic approach for a multi-product capacitated lot-sizing problem with pricing

Rosa G. González-Ramírez; Neale R. Smith; Ronald G. Askin

doi:10.1080/00207540903524482

A heuristic approach for a multi-product capacitated lot-sizing problem with pricing

Rosa G. González-Ramírez, Neale R. Smith, Ronald G. Askin

Research output: Contribution to journal › Article › peer-review

30 Scopus citations

Abstract

We address a multi-product capacitated lot-sizing problem with pricing. The objective is to maximise profit. The problem extends the multi-product capacitated lot-sizing problem (CLSP) found in the literature to include price as a decision variable, demand as a function of price, setup time, and more general holding costs. We present a heuristic procedure that can be used to solve large problem instances quickly with good solution quality. The results of computational testing are presented.

Original language	English
Pages (from-to)	1173-1196
Number of pages	24
Journal	International Journal of Production Research
Volume	49
Issue number	4
DOIs	https://doi.org/10.1080/00207540903524482
State	Published - 15 Feb 2011
Externally published	Yes

Bibliographical note

Funding Information:
We would like to thank the anonymous reviewers for their comments, which have aided us greatly to improve the content and presentation. This research was supported by ITESM Campus Monterrey Research Fund CAT128.

Keywords

decomposition
economic lot-sizing
pricing
profit maximisation

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10.1080/00207540903524482

Cite this

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abstract = "We address a multi-product capacitated lot-sizing problem with pricing. The objective is to maximise profit. The problem extends the multi-product capacitated lot-sizing problem (CLSP) found in the literature to include price as a decision variable, demand as a function of price, setup time, and more general holding costs. We present a heuristic procedure that can be used to solve large problem instances quickly with good solution quality. The results of computational testing are presented.",

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AU - Smith, Neale R.

AU - Askin, Ronald G.

N1 - Funding Information: We would like to thank the anonymous reviewers for their comments, which have aided us greatly to improve the content and presentation. This research was supported by ITESM Campus Monterrey Research Fund CAT128.

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A heuristic approach for a multi-product capacitated lot-sizing problem with pricing

Abstract

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Keywords

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