Article ID: | iaor20061642 |
Country: | Netherlands |
Volume: | 100 |
Issue: | 1 |
Start Page Number: | 30 |
End Page Number: | 43 |
Publication Date: | Jan 2006 |
Journal: | International Journal of Production Economics |
Authors: | Liu S., Tang J., Song J. |
Keywords: | manufacturing industries |
A multi-objective order-planning model is formulated for manufacturing steel sheets. The objectives include minimizing tardiness cost, balancing utility of capacities and minimizing inventory cost. The weighted-sum approach is used for transferring the multiple objectives into single one, as well as a penalty function is used for incorporating constraints into the objective function. Specific particle swarm optimization algorithm is designed to solve the model. Taking three practical order-planning problems as instances, different sets of parameter combinations are systematically designed to test effectiveness and efficiency of the algorithm in experiments; computation results show that the model and algorithm are superior to human–machine coordination method.