A study on the capacitated production lot sizing problem with probabilistic demand

A study on the capacitated production lot sizing problem with probabilistic demand

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Article ID: iaor199166
Country: South Korea
Volume: 15
Issue: 2
Start Page Number: 109
End Page Number: 116
Publication Date: Dec 1989
Journal: Journal of the Korean Institute of Industrial Engineers
Authors: ,
Abstract:

In many cases, production-inventory systems involves significant demand variations. Actual demand is probabilistic and the production capacity is also limited. Finding the proper production lot sizes to this problem usually requires heavy computational procedures. Therefore a heuristic approach under various assumptions is highly recommended. In this paper, an approach with consideration of probabilistic demand and limited production capacity is proposed. [In Korean.]

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