Article ID: | iaor19951228 |
Country: | United Kingdom |
Volume: | 45 |
Issue: | 10 |
Start Page Number: | 1197 |
End Page Number: | 1205 |
Publication Date: | Oct 1994 |
Journal: | Journal of the Operational Research Society |
Authors: | Gder F., Zydiak J., Chaudhry S. |
Keywords: | heuristics |
This paper presents a heuristic algorithm for determining order quantities for multiple items given incremental quantity discounts and a single resource constraint. The heuristic is based on Lagrangean relaxation. The performance of the heuristic is compared, for small problems, with a procedure that generates optimal solutions. Results from computational experiments are given that demonstrate the quality and computational efficiency of the heuristic algorithm.