A note on solving the concave cost dynamic lot-sizing problem in almost linear time

A note on solving the concave cost dynamic lot-sizing problem in almost linear time

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Article ID: iaor199161
Country: United States
Volume: 8
Issue: 2
Start Page Number: 159
End Page Number: 167
Publication Date: Apr 1989
Journal: Journal of Operations Management
Authors: , ,
Abstract:

The heavily-debated Wagner-Whitin algorithm is known to produce optimal ordering policies for minimal-cost dynamic lot-sizing problems. In an earlier paper in this journal, Evans showed that the Wagner-Whitin algorithm is essentially a shortest path computation on an acyclic network, and presented a simple O(n2) computer implementation with low storage requirements. As an extension, in this paper we present a very fast microcomputer implementation of the algorithm for the case of concave procurement cost structures. Our extensive computational results show that for this cost structure, the algorithm will solve problems in linear time. A quasi-theoretical argument is given to explain this behaviour under the assumption that data are randomly distributed. [See abstract 45385.]

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