Comparative study of dynamic lot sizing heuristics with backlogging

Comparative study of dynamic lot sizing heuristics with backlogging

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Article ID: iaor199329
Country: United Kingdom
Volume: 19
Start Page Number: 393
End Page Number: 407
Publication Date: Aug 1992
Journal: Computers and Operations Research
Authors: , ,
Keywords: heuristics
Abstract:

Two approaches for modifying existing dynamic lot sizing heuristics to incorporate backlogging are presented. Extensive simulation experiments are designed to compare their relative performance with the recently published two-way eyeballing heuristics (TWEH) for lot sizing with backlogging. Dominant heuristics are identified for different cost and demand conditions. TWEH is the simplest algorithm with good performance.

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