| Article ID: | iaor19911525 |
| Country: | Switzerland |
| Volume: | 26 |
| Start Page Number: | 9 |
| End Page Number: | 28 |
| Publication Date: | Dec 1990 |
| Journal: | Annals of Operations Research |
| Authors: | Atkins Derek |
| Keywords: | inventory |
A review is undertaken of lower bounding methodologies for lot-sizing production/inventory models. This is done for both dynamic discrete time demand and continuous review, constant demand situations. The view is taken that lower bounds are an essential ingredient in the evaluation of heuristics when optima are unknown or too computationally complex to comfortably evaluate. Several directions of future research are suggested.