Article ID: | iaor201112017 |
Volume: | 42 |
Issue: | 2 |
Start Page Number: | 495 |
End Page Number: | 509 |
Publication Date: | May 2011 |
Journal: | Decision Sciences |
Authors: | Wang Qiwen, Deng Honghui, Gong Xiting, Leong G Keong |
Keywords: | combinatorial optimization, allocation: resources, heuristics, simulation |
In a multiproduct order-driven production system, an organization has to decide how to selectively accept orders and allocate capacity to these orders so as to maximize total profit (TP). In this article, we incorporate the novel concept of switching point in developing three capacity-allocation with switching point heuristics (CASP