Economic Lot-Sizing Problem with Bounded Inventory and Lost-Sales

Hark-Chin Hwang

No EI 2009-01, Econometric Institute Research Papers from Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute

Abstract: In this paper we consider an economic lot-sizing problem with bounded inventory and lost-sales. Different structural properties are characterized based on the system parameters such as production and inventory costs, selling prices, and storage capacities. Using these properties and the results on the lot-sizing problems with bounded inventory, we present improved and new algorithms for the problem. Specifically, we provide algorithms for the general lot-sizing problem with bounded inventory and lost-sales, the lot-sizing problem with nonincreasing selling prices and the problem with only lost-sales.

Keywords: Algorithms; Economic lot-sizing; Inventory and Production; Lost-Sales (search for similar items in EconPapers)
Date: 2009-06-01
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