Economic lot scheduling problem with sequence-dependent setup costs

Economic lot scheduling problem with sequence-dependent setup costs

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Article ID: iaor1990851
Country: United States
Volume: 28
Start Page Number: 96
End Page Number: 105
Publication Date: Oct 1987
Journal: Production and Inventory Management Journal
Authors:
Abstract:

Multiple products are scheduled in a cyclical fashion on a single facility; for the sequence-dependent case, the use of the travelling salesman algorithm to determine the optimum sequence has been suggested often but not checked out. This article illustrates with an application that substantial reductions in inventory carrying cost and setup cost can be achieved by exploiting the sequence dependencies of the setup costs.

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