| Article ID: | iaor199055 |
| Country: | United States |
| Volume: | 27 |
| Start Page Number: | 102 |
| End Page Number: | 109 |
| Publication Date: | Mar 1986 |
| Journal: | Production and Inventory Management Journal |
| Authors: | Sumichrast Robert T. |
The Fordyce-Webster algorithm is a heuristic obtained by allowing quantity discounts and applying the Wagner-Whitin algorithm to the resulting lot-sizing problem. An example shows that an optimal solution is not guaranteed. Comparisons to other methods of lot sizing when quantity discounts are allowed show good results.